Federal and International, Law and Order, Local

Securities Fraud: St. John, Indiana Man Ordered to Pay Over $5.3 Million In Restitution

Hammond, IN-(ENEWSPF)- Richard E. Gearhart, age 71, of St. John, Indiana was sentenced before U.S. District Court Judge Philip P. Simon upon his plea of guilty to conspiracy to commit securities fraud, announced United States Attorney Tina L. Nommay.

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Gearhart was sentenced to 60 months in prison, 3 years of supervised release, and ordered to pay over $5.3 million dollars in restitution that is owed to…

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