The third and final member of a former Fishers investment firm is now serving jail time for securities fraud. Fennis "Nick" Bledsoe, who helped start The Dane Group in 2012, received a three-year sentence for convictions on charges that include unlawful sale of securities, aiding in securities fraud and corrupt business influence.
Bledsoe's sentence follows the convictions of Bruce McIntyre and Shelly Guzman, who the Office of Indiana Secretary of State Connie Lawson says used more than $375,000 in unregistered, short-term promissory notes and used the money for personal expenses.
Lawson says "any financial transaction of this nature, no matter the size, should be verified before the money changes hands. We urge Hoosiers to do their homework and to contact the Secretary of State's office to report suspicious financial products or activity. I want to thank Hamilton County Prosecutor D. Lee Buckingham and his team for pursuing the matter."
McIntyre, who was sentenced to six years in jail and ordered to pay more than $380,000, previously pled guilty in an earlier scheme to embezzlement, forgery and federal securities charges. Guzman's guilty plea for the recent charged netted her a four-year sentence and an order to pay $300,000 in restitution.
By Ryan Collier Director of Investment Management, Bedel Financial Consulting Inc.
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