- Associated Press - Monday, January 30, 2017

LACONIA, N.H. (AP) - A man sentenced to 6 1/2 years for his role at a failed New Hampshire mortgage firm that swindled investors out of millions of dollars has been released from prison.

Donald Dodge was sentenced in 2011 after pleading guilty to wire fraud. He worked with Scott Farah, the former president of Financial Resources Mortgage and CL&M;, Inc., of Meredith, who is serving a 15-year sentence.

Farah admitted pooling investor funds to pay off other loans, investors and personal expenses. Authorities called it a Ponzi scheme, saying he defrauded more than 200 investors of more than $20 million.

The Laconia Sun reports (https://bit.ly/2jKUHpv) Dodge was freed Jan. 12.

Dodge testified that he put his trust in Farah and didn’t realize the business was in trouble until shortly before it collapsed in 2009.

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