Palmer Pleads Guilty to Ponzi Scheme

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0  Updated at 12:02 am, May 26th, 2011 By: Managing Editor
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Scam Artist Pleads Guilty

(POCATELLO) – An eastern Idaho man accused of scamming millions of dollars from people around the region has pleaded guilty in federal court. Daren Palmer allegedly laundered money and engaged in wire fraud. Once he’s sentenced, Palmer will have to pay restitution in addition to a possible 30-year prison term. Palmer will be back in court June 2.