Regional News

Fraudulent Investor Sentenced To Federal Prison

(Eugene, OR) -- A Corvallis man has been sentenced to federal prison for running a fraudulent investment scheme. It claimed to support various Christian missionaries and organizations. Erik Hass got members of his church and workplace to invest retirement and other cash accounts. He promised returns of up to 30 percent. He used the funds for his salary and personal expenses. At least 20 investors lost nearly two-million dollars. Hass was ordered to pay restitution to his victims and serve two-and-a-half years in federal prison.

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