What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 18, 2016

Diane Kaylor, a former broker and bookkeeper for Agape World was sentenced to 6 and a half years in prison for her role in a ponzi scheme. The scheme operated from October 2005 until January 2009 and led to 3,800 investors losing $150 million. Kaylor was found guilty on charges of wire fraud, mail fraud, conspiracy and securities fraud. She and Jason Keryc, another broker, were found guilty on the charges. Keryc was sentenced to nine years in prison in February. Keryc spent some of the investor money he earned from the scheme on a million dollar vacation home in Montauk, a Long Beach condo, jewelry, designer clothing and cars. Seven other individuals were also charged for their role in the scheme.

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