- Associated Press - Wednesday, December 16, 2015

RAPID CITY, S.D. (AP) - A South Dakota man who for years told people how to manage their money has been sentenced to more than three years in federal prison in a fraud case.

U.S. District Court Chief Judge Jeffrey Viken has sentenced 58-year-old Randall McKee. The estate planner and Sioux Falls resident was also ordered to pay more than $685,000 in restitution after pleading guilty to one count of wire fraud.

McKee was indicted on multiple counts of wire fraud and money laundering last year after authorities accused him of setting up a real estate development scheme that bilked investors out of about $625,000.

Authorities also accused McKee of using his position as a trustee for a disabled man to take more than $80,000 for his own use.

McKee previously lived in Rapid City.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide