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Iowa financial adviser sentenced to prison for running Ponzi scheme

His scheme costs clients around $109,000, prosecutors say. However, a judge orders him to pay $1.36 million in restitution to victims.

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Former Treynor investment counselor sentenced to prison

Former Treynor investment counselor sentenced to prison
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Treynor, Iowa financial advisor accused of running a Ponzi scheme

Jeffrey Carley allegedly convinced clients to invest in his companies without disclosing that conflict, then used the money for personal business.

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