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.
Lemonade Books Q3 Net Loss of $37.5 Million 
France Makes New Arrests in Louvre Heist; Jewels Still Not Found 
Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa 
Black Vultures Spreading North, Attacking and Killing Cattle 
