Contact Us

Ex-Radio Host Gets 20 Years I Minnesota Ponzi Scheme

MINNEAPOLIS (AP) – A former Minnesota radio host has been sentenced to 20 years in federal prison for his role in a $194 million Ponzi scheme that bilked more than 700 investors.

Seventy-five-year-old Patrick Kiley of Burnsville was sentenced Monday on charges including money laundering and wire and mail fraud.

Kiley had attracted 70 percent of the investors through his former radio program, “Follow the Money.”

But the investment product Kiley sold was a sham created by Trevor Cook. Cook was sentenced to 25 years in prison after pleading guilty to running a Ponzi scheme. Several other participants were sentenced to prison terms ranging from 7 1/2 years to 30 years.

Kiley told the judge that what he once believed about Cook’s investment product turned out to be wrong.

More News from WJON

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wjon.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!