- KNIA / KRLS - http://www.kniakrls.com -

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.

Article printed from KNIA / KRLS: http://www.kniakrls.com

URL to article: http://www.kniakrls.com/2013/04/deronde-sentenced-for-four-years/

Copyright © 2009 KNIA/KRLS. All rights reserved.