Thursday, April 15, 2010

Guilty of Bilking Elderly Out of $1.9 Mil

A Clinton County man pleaded guilty to running a Ponzi scheme that prosecutors say bilked elderly people of more than $1.9 million.

Lavern Huelsmann, 44, pleaded guilty to mail fraud and engaging in fraudulent financial transactions.

He will be sentenced July 26. The charges carry a maximum sentence of 30 years in prison and a fine up to $500,000. In addition, prosecutors are seeking the forfeiture of $1.9 million in "funds representing the value of criminally obtained proceeds."

Full Article and Source:
Trenton Man Pleads Guilty to Bilking Elderly Out of $1.9 Mil

3 comments:

  1. MaxThursday, April 15, 2010 7:29:00 AM

    I second the motion for 30 years for this predator!

    ReplyDelete
  2. PollyThursday, April 15, 2010 9:44:00 AM

    RESTITUTION, order restitution, judge.

    ReplyDelete
  3. AnonymousSaturday, April 17, 2010 4:18:00 PM

    This guy won't get anything near 30years, and he will be out of jail running another Ponzi scheme.

    ReplyDelete