UPDATE: Palmer Sentenced to 8 Years

Local

0  Updated at 10:00 am, September 21st, 2011 By: Managing Editor
Share This Story
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.”


Stories You May Be Interested In:

Funeral announced for Shelley teenager hit by vehicle

22 May 2017

Nate Eaton, EastIdahoNews.com

Deseret Book building new store in Idaho Falls

16 May 2017

Paul Menser, BizMojo Idaho

Timeline being put together for missing Blackfoot woman

16 May 2017

Natalia Hepworth, EastIdahoNews.com