Home

Investment Broker Takes Plea Deal and Admits Guilt

By Scott Sarvay
August 24, 2011 Updated Aug 24, 2011 at 5:26 PM EDT

FORT WAYNE, Ind. (Indiana’s NewsCenter) - Fort Wayne investment broker Randell Morrison has admitted guilt to one felony count in the fraud case lodged against him.

Morrison pleaded guilty Wednesday to corrupt business influence, in a deal that caps his punishment at six years.

The plea also requires Morrison to pay more than $1.3-million in restitution to 15 investors ripped off in a securities scheme.

A sentencing hearing is set for October 21st.



What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!
Powered by Summit City Chevrolet



© Copyright 2013 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.