INDIANAPOLIS (AP) - An accountant convicted along with two business associates in a Ponzi scheme the bilked investors out of about $200 million has been sentenced to 10 years in prison.
U.S. District Judge Jane Magnus-Stinson sentenced Rick D. Snow on Friday afternoon for his role in the scheme that cost some investors their life savings.
Snow was sentenced after former Indiana financier Timothy Durham received a 50-year sentence and business associated James Cochran was sentenced to 25 years.
Durham and Cochran were convicted in June on federal fraud charges. Durham was convicted on 12 counts and Cochran was found guilty on eight counts. Snow was convicted of 5 different charges.
Prosecutors say the three plundered Akron, Ohio-based Fair Finance of its assets and used the money to fund luxurious lifestyles.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, May 23 2013 4:02 PM EDT2013-05-23 20:02:17 GMT
COLUMBUS, Ohio (AP) - Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not
Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not rampant abuses.
Thursday, May 23 2013 2:33 PM EDT2013-05-23 18:33:40 GMT
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
Thursday, May 23 2013 9:46 AM EDT2013-05-23 13:46:40 GMT
The month of May will likely end up in the top 10 list for the driest May's on record. Despite the dry month it does not look like we are headed for a repeat performance of last year's drought and extreme
The summer forecast calls for above average rainfall for most of the Great Lakes region with near average temperatures.
Wednesday, May 22 2013 6:11 PM EDT2013-05-22 22:11:42 GMT
The Toledo mayor's race may be a crowded affair but so far no viable Republicans. All seven announced candidates have to first file petitions and be certified by the Lucas County Board of Elections.
Toledo Mayor Mike Bell has the financial backing of Republicans and the Independent could get the party's endorsement.
Wednesday, May 22 2013 3:53 PM EDT2013-05-22 19:53:47 GMT
COLUMBUS, Ohio (AP) - Ohio state lawmakers moved boldly Tuesday against storefront sweepstakes parlors they have come to view as illegal gambling operations, advancing separate bills effectively banning
An effective ban on Internet cafes targeted as illegal gambling operations has cleared the Ohio Legislature after more than two years of wrangling.
Thursday, May 23 2013 3:02 PM EDT2013-05-23 19:02:52 GMT
Toledo police shot and killed a man with a gun early Thursday morning. Police say officers were patrolling in the 1000 block of Page Street around 12:30 when they saw a man pointing a gun at a woman.
A Toledo police officer shot and killed a man overnight. Police say the man was standing over a woman with a shotgun. We’re told the woman is now thanking the officers for saving her life.
Thursday, May 23 2013 4:02 PM EDT2013-05-23 20:02:17 GMT
COLUMBUS, Ohio (AP) - Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not
Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not rampant abuses.
Thursday, May 23 2013 2:33 PM EDT2013-05-23 18:33:40 GMT
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
Thursday, May 23 2013 12:47 PM EDT2013-05-23 16:47:37 GMT
Source: TPS website
Police have arrested five teens, including four Bowsher High School Students, for a senior prank that went awry. Court documents say the five were caught on surveillance camera throwing paint, birdseed,
Police have arrested five teens, including four Bowsher High School Students, for a senior prank that went awry.
Thursday, May 23 2013 9:46 AM EDT2013-05-23 13:46:40 GMT
The month of May will likely end up in the top 10 list for the driest May's on record. Despite the dry month it does not look like we are headed for a repeat performance of last year's drought and extreme
The summer forecast calls for above average rainfall for most of the Great Lakes region with near average temperatures.
Thursday, May 23 2013 5:07 AM EDT2013-05-23 09:07:37 GMT
The picture has been shared over 23,000 times on Facebook. It shows a note pinned to a car. In the note, Facebook user, Jeremy Jon, explains that he took the car owners dog to the Bowling Green Police
Police say viral photo on Facebook is a hoax. Man claimed to save a dog and then posted it on the social network to impress a girl.
Wednesday, May 22 2013 11:32 PM EDT2013-05-23 03:32:13 GMT
Some of Rossford's oldest school buildings need major repairs. District leaders now have five potential renovation plans, but they're looking for voter input before they move forward.
Some of Rossford's oldest school buildings need major repairs. District leaders now have five potential renovation plans, but they're looking for voter input before they move forward.
All content © Copyright 2000 - 2013 WorldNow and WTVG. All Rights Reserved.
