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You are here: Home / News / Investment manager gets six years for Ponzi scheme

Investment manager gets six years for Ponzi scheme

March 9, 2012 By Jessica Machetta

Former St. Louis County investment company operator Richard Saunders gets six years in prison for running a Ponzi-style scheme and taking more than six million dollars in investors’ money. Saunders also gets five years for tax evasion.

Saunders had moved to Thailand without paying his investors.  He was deported to the United States earlier this year.

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