Colo. Fund Manager Gets 40 Years For Ponzi Scheme

Law360 (December 6, 2010, 8:09 PM EST) -- A Colorado hedge fund manager whose $71 million Ponzi scheme ensnared 65 investors, including former Denver Broncos quarterback John Elway, was sentenced Monday to 40 years in prison, the maximum allowed under a plea deal with prosecutors.

Sean Mueller, the founder of Mueller Capital Management LLC, pled guilty on Nov. 1 at a hearing in the Denver District Court, admitting to violating the Colorado Organized Crime Control Act, one count of securities fraud and one count of theft.

Mueller was ordered to pay $65.5 million in...
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