Sentence for Vaughan's bookkeeper sealed
Posted at: 09/18/2012 10:12 AM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - The woman who kept the books for admitted Albuquerque Ponzi schemer Doug Vaughan has apparently been sentenced, but her fate is being kept secret.
The Albuquerque Journal reports the sentencing agreement for Martha Runkle was finalized last week. But the terms have been sealed.
Prosecutors declined comment.
Runkle, who kept the books for Vaughan from 1994 to 2010 and was the point of contact for many of the 600 investors he swindled out of $75 million, had agreed to plead guilty to one count of aiding and abetting wire fraud.
She was set to testify against her former boss, but he pleaded guilty and is now serving a 12-year prison term. Runkle also has agreed to pay $50,000 restitution to one investor and nearly $50,000 to settle a clawback action for money she made on investments through Vaughan.
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