Industry News

Investment scheme lands Colorado man in prison

Man sentenced for defrauding 23,000 investors of $9 million
Published on Aug 4, 2005

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by CareyBot

A Lakewood, Colo., man was sentenced this week to three years in federal prison for defrauding more than 23,000 investors through an “offshore rent/mortgage free program,” federal officials said Wednesday. Kenneth Roy Weare, 58, pled guilty on April 1, 2004, ...