A Marion, Iowa, insurance agent was sentenced to four years in prison for selling fraudulent securities, according to The Marion Star.
Paul L. Edwards, 68, received three years for reportedly engaging in a pattern of corrupt activity and one year for 27 securities offenses. Prosecutors said Edwards had sold $400,000 in promissory notes to area investors.
Edwards reportedly told the investors the notes were insured and were fool-proof, but they lost all of their money.
Was this article valuable?
Here are more articles you may enjoy.
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Florida, Louisiana Insurer Safepoint Reveals 97% Revenue Surge in IPO filing 
Uber and FedEx Get Green Light for Racketeering Suit Against Lawyers, Doctors 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims From This Issue
