UPDATE: Palmer Sentenced to 8 Years
0 Updated at 10:00 am, September 21st, 2011 By: News Idaho
UPDATE: (POCATELLO) – An Idaho Falls man accused of scheming millions of dollars from investors has been sentenced in federal court. Here’s Tyler Andersen with more.
Daren Palmer will spend the next eight years in a federal prison, with an additional three years of probation for stealing an estimated $29 million over a six year period. A federal investigation of Palmer’s Trigon Group began in 2009 when a Utah investor suspected Palmer was conducting a Ponzi scheme. Local News 8 reports that the father of five will be fifty years old by the time he’s released, in what prosecutors called a “fair sentence.”
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