Retired Teachers, Administrators Targeted In Investment Scheme
|By Scott Butler, The Florida Times-Union, Jacksonville|
According to the indictment,
Hall is accused of masterminding a sham company,
To convince clients he was legitimate, he would use some of the money to pay earlier investors, the indictment says.
If convicted, Hall faces a maximum 20 years in federal prison for each count and fines of up to
The scam was orchestrated from at least 2006 through
The Times-Union will be updating this story and also has asked the school district for a statement.
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|Source:||McClatchy-Tribune Information Services|