A Douglas County District Court judge sentenced Adam Kelepolo, 38, to a 10-year community-corrections sentence for his part in defrauding investors between September 2002 and March 2007 as part of a securities-fraud scheme.
Kelepolo also was ordered to pay $820,000 in restitution.
A judge sentenced Kelepolo’s co-defendant, Derek Roy Kent, 65, in February 2009 to five years in prison for his part in the scheme. The judge also ordered Kent to pay $765,477 in restitution to his victims.
According to the indictment, handed down in May 2009, Kelepolo and Kent raised more than $1 million for a variety of projects. Kelepolo is suspected of using the money for personal expenses, including restaurant bills and gambling expenses at Cripple Creek casinos.
