On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
64° Feels Like: 64°
Wind: SSE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Cloudy 84°

Tonight

Scattered Thunderstorms 68°

Tomorrow

PM Thunderstorms 84°

Alerts

No contest pleas issued in west Michigan Ponzi scheme

by
Judge's Gavel By Brian Turner (Flickr: My Trusty Gavel) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Judge's Gavel By Brian Turner (Flickr: My Trusty Gavel) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

LANSING (WKZO) -- Two west Michigan men are facing years in prison for a nine-million dollar Ponzi scheme that targeted elderly people.

Sixty-one-year-old Dannie VanLiere of Grand Rapids and 60-year-old Jeffrey Ripley of Sparta both pled no contest to racketeering and selling unregistered securities.  The Michigan Attorney General's Office says they two had 150 victims, including some who lost their life savings.

The men will be sentenced on June 21st.

Comments