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Colbert County insurance agent pleads guilty to fraud

MGN

Ronald Powell was indicted by a grand jury in March of 2018, and his probation hearing will be held on February 25, 2019.

Posted: Dec. 12, 2018 4:56 PM

On Monday, a Colbert County insurance agent pleaded guilty to one count of securities fraud and one count of insurance fraud.

Ronald Powell is accused of accepting more than $800,000 of investor funds and misappropriating those funds for his personal benefit. In total, he received a 12-year sentence.

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