Kirksville man pleads guilty to $844,000 Ponzi scheme

Tuesday, June 30, 2009 | 7:07 p.m. CDT

KIRKSVILLE — A northeast Missouri man has pleaded guilty to defrauding 26 investors of $844,000.

Neal Jackson, 61, of Kirksville pleaded guilty Tuesday to one felony count of mail fraud in U.S. District Court in St. Louis. He faces sentencing Sept. 18.

Federal authorities say Jackson owned an investment brokerage business called The Money Tree and another firm called Gestalt Group.

Acting U.S. Attorney Michael Reap says Jackson used a Ponzi scheme to defraud the investors, dating to the early 1990s.


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