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7 years in prison for Ponzi scheme defendant

GREEN BAY, Wis. (AP) — A Manitowoc man has been sentenced to seven years in prison for a $3 million Ponzi scheme that defrauded 37 people, many of whom were elderly. Sixty-eight-year-old James Nickels earlier pleaded guilty to wire fraud. Prosecutors say Nickels convinced family, friend and neighbors to invest in his sham business. The […]

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