PORTLAND, OR -- The man behind the largest investor fraud case in Oregon history has agreed to a plea deal. 49 year old Jon Harder ran "Sunwest Management" which owned approximately 300 assisted living facilities, including one in Redmond. Harder pleaded guilty Thursday to one felony count of mail fraud and one felony count of money laundering.
Harder admitted in federal court that beginning in late 2007 through February 2008, he lied to more than 50 investors to obtain more than $5 million. He claimed the funds were going to assisted living facilities, but instead it was going to pay his personal expenses. Harder will be sentened on May 12th. He could face up to 15 years in prison.