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 Howden-Driven Talent War Rises to $31M for Brown & Brown 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW 
Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M 
