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Kent Co. Men Sentenced in Ottawa Co. Ponzi Scheme

Kent Co. Men Sentenced in Ottawa Co. Ponzi Scheme

Two Kent County men who pleaded guilty in a $9 million Ponzi scheme in Ottawa County got sentenced Friday to six to 20 years in prison and millions of dollars in restitution.

WOOD TV reports Jeff Ripley and Danny VanLiere scammed at least 140 people.  Each victim lost at least $3,000, with some losing as much as $600,000.

One of the perpetrators, VanLiere, said they got scammed themselves by a North Carolina man and his defense lawyer has copies of wire transfers suggesting that might be the case.

 

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