(KNZA)--An Oskaloosa man has convicted of securities fraud.
The Kansas Insurance Department announced in a news release Monday that David Moeller was found guilty of one felony count of securities fraud following a bench trial last week.
Moeller was charged with allegedly defrauding a Perry, Kansas woman who invested funds with Moeller for the development of an invention known as the “blade caddy.”
State prosecutors alleged that, instead of using the investment dollars to develop the blade caddy product, Moeller used the funds to reimburse a Kansas City, Kan. company to which he had written a bad check.
On July 19, a trial was held before Jefferson County District Judge Christopher Etzel. On July 21, Judge Etzel issued a written verdict, finding Moeller guilty as charged.
Moeller is to be sentenced on August 26.
The investigation was conducted by the Office of the Kansas Securities Commissioner, a division of the Kansas Insurance Department. The criminal prosecution was conducted by the Kansas Attorney General’s Office.
© Many Signals Communications
MOST VIEWED STORIES
Horton man arrested following weekend shooting
Hiawatha man facing sex, drug charges waives prelim hearing
Morrill pair arrested on drug, child endangerment charges
Falls City man sentenced to Federal Prison
Two arrested Thursday in Jackson Co on meth-related charges
Jackson Co traffic stop leads to arrest
Ground Broken for new Sac and Fox Trad'n Post
One held for past Atchison shooting
Inmate dies at Lansing Correctional Facility
Early Thursday storms leave damage, outages, locally
Jackson Co crash confirmed as fatality
MO grass fire battled Thursday
Mound City Mayor Duane Nauman remembered
Community Healthcare System hires new CEO
Brown Co Planning Commission established
Falls City School Board approves personnel moves and purchases
Valley Falls' future set for Wednesday eve discussion
LATEST STORIES
Jackson Co crash confirmed as fatality
90 mph+ downburst winds blamed for Thursday damage
Morrill pair arrested on drug, child endangerment charges
Rates to increase at Brown Co landfill
NOAA weather radio event set in Seneca
Falls City man sentenced to Federal Prison