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.
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Fisherman Killed by 12-Foot Alligator at Central Florida Lake From This Issue
