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.
Cost of a Data Breach Reaches Record $5 Million on Average 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal From This Issue
