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DeRonde Sentenced for Four Years
Posted By Sports On April 18, 2013 @ 6:29 am In Today’s Local News | Comments Disabled
Beverly DeRonde, age 61, of Pella was sentenced Wednesday to 48 months in prison for a mail fraud scheme involving over $680,000. The District Court of Iowa also sentenced DeRonde to pay restitution to her victims, and ordered her to serve a three year period of supervised release after imprisonment.According to the court, DeRonde operated a Ponzi scheme between 2003 and 2010 involving over 70 individuals. She would solicit loans from her victims, claiming she needed the money to buy her husband a birthday or anniversary present, or to help him start a business. She also promised huge amounts of interest in return. The case was investigated by the U.S. Postal Inspection Service.
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