Apr 30, 2013 12:39 AM by Ed Zuchelli, KSBY News

Santa Barbara Man sentenced for selling unregistered stocks

A Carpinteria man was sentenced to ten years in prison for selling unregistered stocks.

De Elroy Beeler, Jr. sold stocks in internet companies and a fake energy company.

There were victims across the country who lost at least $10 million combined.

Beeler served 3 years in prison for previous fraud scheme.

Next month, a judge will decide on how much restitution he must pay to his hundreds of victims.



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