Jurors on Tuesday convicted three men who helped Trevor Cook in his Minneapolis-based, $194 million Ponzi scheme, which claimed more than 700 victims around the country.
The five-week U.S. District Court trial of Jason "Bo" Beckman, 42; Gerald Durand, 61; and Pat Kiley, 73, ended with a long list of guilty verdicts and U.S. marshals taking all three into custody.
The men had been charged in Minneapolis with a total of 31 overlapping federal criminal counts, including mail and wire fraud, conspiracy, money laundering, tax fraud and tax evasion.
The fraud scheme they helped run targeted investors ranging from millionaires to retirees with modest nest eggs. Cook pleaded guilty in 2010 and is serving a 25-year federal prison sentence.
His former associates instead chose to go to trial.
And with a large crowd looking on in the courtroom of U.S. District Judge Michael Davis on Tuesday, June 12, the court clerk read off 22 guilty verdicts against Beckman, 20 against Durand and 15 against Kiley.
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