- Associated Press - Tuesday, November 8, 2016

CEDAR RAPIDS, Iowa (AP) - A former investment broker already serving prison time for defrauding clients has been given two more years for obstructing justice.

Prosecutors say 52-year-old Randy Beltramea was sentenced Monday in U.S. District Court in Cedar Rapids. He pleaded guilty to four counts of obstruction of justice. Beltramea admitted trying to obstruct efforts to seize his property.

In his previous federal case, Beltramea admitted that in 2009 and 2010, he solicited money from investors under false pretenses and moved some investor money into an account under his mother’s name to avoid taxes.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide