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."
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Trenton Man Pleads Guilty to Bilking Elderly Out of $1.9 Mil
3 comments:
I second the motion for 30 years for this predator!
RESTITUTION, order restitution, judge.
This guy won't get anything near 30years, and he will be out of jail running another Ponzi scheme.
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