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Kent Co. Men Sentenced in Ottawa Co. on Ponzi Scheme Charges

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GRAND HAVEN, MI (WHTC) - Up to 20 years in prison and millions of dollars in restitution were sentences handed down yesterday to two Kent County men in their 60’s who didn’t contest charges stemming from a Ponzi scheme uncovered in Ottawa County. Prosecutors claim that Jeffrey Ripley and Danny VanLiere “preyed on at least 140 elderly victims” for a total of over nine million dollars in what turned out to be fake securities in a holding company.

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