Indiana Jury Nails Loan Broker For Swindling Clients Out Of $200K+

In Hendricks County, Indiana, The Indianapolis Star reports:

• An Indianapolis man faces more than 25 years in prison after a Hendricks County jury found him guilty Tuesday of swindling clients out of more than $200,000. Jason Keigley, 35, was arrested last year after a lengthy investigation involving the Indiana secretary of state's office. Keigley, then-owner of 1st Place Mortgage in Indianapolis, used a complicated mortgage scheme to raise money for investments. [...] After two hours of deliberation, the jury found Keigley guilty of selling unregulated securities, transacting business by an unregistered broker-dealer, fraud in connection to the offer or sale of a security, and loan broker fraud, all felonies.

Among the victims was one who "[lost] everything he had worked for all his life," according to the prosecutor in the case. For more, see Ex-broker convicted in loan fraud case.

See also, Man Found Guilty of Mortgage Fraud.

Go here for earlier post on Jason Keigley.