On Air Now

Current Show

The Mike McFeely Show   2:00 PM - 5:00 PM

Call the KFGO Studio at 800-880-5346

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 790 AM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
73° Feels Like: 73°
Wind: WNW 13 mph Past 24 hrs - Precip: 0.04”
Current Radar for Zip

Tonight

Scattered Thunderstorms 66°

Tomorrow

AM Thunderstorms 85°

Fri Night

Clear 59°

Alerts

Ex-Fargo broker sentenced on felony charges

FARGO, N.D. (AP) - A former Fargo investment broker who pleaded guilty to bilking 18 investors out more than $900,000 has been sentenced to 10 years in prison.

Judge Frank Racek sentenced 65-year-old Robert Medhus on Monday. Medhus had pleaded guilty in East Central District Court in June to 13 counts of securities fraud, two counts of theft of property and one count of selling unregistered securities.

Prosecutors say Medhus forged client checks, created fake investment account statements and failed to invest client assets as promised.

The North Dakota Securities Department uncovered the fraudulent scheme after receiving investor complaints, and the Cass County State's Attorney investigated criminal charges.

Comments