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.
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
Property, Auto Insurance Shopping Up as Consumers Feel Economic Pressures 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
