PORTLAND, Ore. (AP) — The former head of an Oregon-based chain of retirement centers has been sentenced to 15 years in prison for defrauding investors of $130 million. Jon Harder was handed the sentence Tuesday in federal court in Portland. Prosecutors said Harder operated what amounted to a Ponzi scheme, raising money from unsuspecting investors and banks during the collapse of his Sunwest Management chain of more than 300 assisted-living centers. Harder pleaded guilty in January to mail fraud and engaging in monetary transactions in property derived from unlawful activity. Read more on Colorado Springs Gazette ......
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