- Associated Press - Friday, February 10, 2017

SEATTLE (AP) - A former employee of a Seattle investment firm who pleaded guilty to aiding and abetting investor fraud has been sentenced to two years in prison and ordered to pay $4 million in restitution.

The Seattle Times reports (https://bit.ly/2kag4NG ) that 68-year-old Luann Renfrow was sentenced Thursday.

Renfrow did secretarial and operational work for The Spangler Group, which was run by her ex-husband, Mark Spangler.

Spangler is serving a 16-year prison sentence on fraud and money laundering charges for defrauding investors of nearly $50 million.

Prosecutors say Renfrow aided and abetted the scheme.

They had asked the court as part of her plea deal to impose only a one-year sentence, noting that Renfrow admitted responsibility and is remorseful.

But the judge said a two-year term would be more appropriate.

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Information from: The Seattle Times, https://www.seattletimes.com


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