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.
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case 
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
