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DENVER—A Fort Collins man accused of swindling investors out of $3.4 million has been sentenced to nine years in prison.
The Coloradoan reports that Jeremy Hart Friday received the maximum sentence allowed under a plea deal. Hart pleaded guilty in November to one count of felony theft and one count of felony securities fraud.
Hart and Richard Novaria were accused of running a Ponzi scheme between July 2006 and May 2008 with the Windsor-based Dreamweaver Foundation.
Investors’ money was allegedly used to make interest payments to other investors.
An arraignment and motions hearing in Novaria’s case is scheduled Feb. 10.
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Information from: Fort Collins Coloradoan,
