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Former radio show host gets 20 years for Ponzi scheme

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A former conservative radio show host who helped raise millions of dollars for the Trevor Cook Ponzi scheme was sentenced to 20 years in prison Monday.

The Pioneer Press reports that Pat Kiley, 75, is the last of Cook's associates to be sentenced. Kiley apologized to the court and said he took responsibility "for what I believed in, for which I was wrong." Kiley is expected to serve his term in the federal prison hospital in Rochester, Minn., because of health concerns that include prostate cancer.

Kiley hosted a radio show with a worldwide audience. He warned of a looming financial collapse and played up the foreign currency investment that Cook had devised, enticing hundreds of investors to put their money in the scheme. Kiley's program, "Follow the Money," was carried on more than 200 stations nationwide, including KSTP Radio (1500 AM), and on the Worldwide Christian Radio network

Cook and several other co-conspirators already are serving lengthy prison sentences.

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A federal jury in Minneapolis found Jason "Bo" Beckman, Gerald Durand and Patrick Kiley guilty of all charges for their role in helping convicted fraudster Trevor Cook. Each defendant was facing numerous counts of wire and mail fraud, money laundering and tax evasion. Their massive international scheme took $194 million from more than 700 people. Cook is serving a 25-year sentence in federal prison after pleading guilty to fraud in 2010.