Getting your player ready...
A Weld County jury on Wednesday convicted a former Greeley financial adviser of lying to 14 clients so they would invest more than $1 million in what he knew was a company headed for trouble.
The jury of five women and seven men deliberated for several hours in the case against John Guyette, 72, accused of reassuring investors that Medical Capital Holdings was a safe investment, although he knew the company was already failing to pay as promised on existing notes.
Prosecutors said Guyette was still peddling Medical Capital notes between August and December 2008 — even after he knew that the company was having cash flow problems. The company went belly-up in June 2009.
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