Palmer Officially Pleads Guilty

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0  Updated at 12:38 am, June 1st, 2011 By: Managing Editor
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(POCATELLO) – An eastern Idaho man who stole $75.8 million from investors has officially pleaded guilty in federal court. If convicted, Daren Palmer could spend up to 30 years in prison and pay $500,000 in fines. Investigators say nearly $20 million was eventually lost by Palmer between 2002 and 2008. Palmer’s sentencing has been set for August 22.