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Three men convicted in Minnesota's second-largest Ponzi scheme

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.
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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.

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