Feds Sentence One of Their OwnA former Internal Revenue Service employee from the St. Louis area has been sentenced to six years in prison for defrauding clients out of millions of dollars in a Ponzi scheme.
St. Louis Man Accused of Running Ponzi SchemeFederal prosecutors say 51-year-old Richard Saunders spent, paid, and diverted more than 1.3 million dollars in investor funds between 2004 and 2008.

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