(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.
Paul Menser, BizMojo Idaho
Stephan Rockefeller and Nate Sunderland, EastIdahoNews.com