• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Crime / Courts / Cedar Rapids man given 10 years for Ponzi scheme

Cedar Rapids man given 10 years for Ponzi scheme

December 4, 2012 By O. Kay Henderson

A 56-year-old Cedar Rapids man has been sentenced to 10 years in prison for investment fraud. According to prosecutors, Noah Aulwes bilked more than 36 older Iowans with a Ponzi scheme.

Not only has he been sentenced to prison, but the judge ordered Aulwes to pay more than $363,000 to his victims. This summer he pleaded guilty to first degree theft, securities fraud and money laundering.

Prosecutors say Aulwes not only paid investors with other investor’s money, he funneled funds into an account in the Philippines and routed money back to an account in the United States” to cover up the theft.

Share this:

  • Facebook
  • Twitter

Filed Under: Crime / Courts, News

Featured Stories

DOT plow crews struggling against blizzard conditions

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

Do you have to pay tax on your stimulus check?

All six in Iowa’s congressional delegation confirm Electoral College results

TwitterFacebook
Tweets by RadioIowa

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

Drake basketball season put on hold

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC