The Brief

WINTER PARK, Fla. - A 74-year-old Florida man could spend the rest of his life in prison after state investigators accused him of operating a multi-million-dollar Ponzi scheme, officials said Friday.

What Are The Accusations?:

Investigators say 74-year-old Jerald Clawson would tell investors he’d use their money to fund bridge loans that had high rates of returns and a guarantee to at least be repaid in full.

He would allegedly pay out a couple of those loans at 200 or 300% to build confidence and encourage people to put more money in, and then the money would dry up.

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The investigators wrote, "based on the amount of money moving through the accounts, and the amount of money taken by or used for the benefit of Jerry Clawson, makes it vir

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