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A Fort Collins man has been convicted of multiple counts of fraud in connection with a multimillion-dollar Ponzi scheme.
Gene Robert Little was found guilty Tuesday of 35 counts after a Fort Collins jury deliberated for about two hours and 30 minutes, Colorado Attorney General John Suthers’ office said in a news release.
Little, 62, through his company Managed Cash Flow, solicited more than $11 million in investments from more than 300 Coloradans from 2002 to 2006.
The state is seeking restitution totaling more than $1.8 million. Little was jailed Tuesday after his conviction, and a Sept. 29 sentencing date has been set.
![[prison 19] Caption: This is Cellhouse 1, Pod A, from ground level inside the Sterling Correctional Facility which is located outside of Sterling, Colorado Thursday afternoon. Photographer: LEW SHERMAN Title: FREELANCE Credit: SPECIAL TO THE POST City: Sterling State: CO Country: USA Date: 19990617 ObjectName: prison 19 Keyword: PUBDATE____1999_06_22](/wp-content/uploads/2016/04/20151207__denverpostp1.jpg?w=538 "20151207__denverpost~p1.jpg")
