Neal A. Jackson, 61, of Kirksville, Missouri, pleaded guilty this week to defrauding 26 investors out of more than $844,000 in a Ponzi scheme involving his companies, The Money Tree and Gestalt Group, Ltd. According to prosecutors, Jackson took in $1.4 million in investor funds and paid off earlier investors in the scam, pocketing the rest. He pleaded guilty to one felony count of mail fraud and faces up to 20 years in prison and a fine of up to $250,000 upon sentencing which is set for September 18th. The scheme reportedly started in the 1990s.
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