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May 5,
2003
Contact: Lynn Kimbrough,
720-913-9025
REAL ESTATE
SWINDLER SENTENCED TO PRISON
A 62-year-old man
who swindled home sellers and investors out of more than a
million dollars was sentenced to prison today.
William Destro (DOB:
11-23-40), the primary owner of Women’s International Investment
Network (WIIN), appeared in Denver District Court and was
sentenced to 20 years in prison and 5 years of mandatory parole.
He was found guilty
at trial earlier this year of violating Colorado’s Organized
Crime Control Act (racketeering) and conspiracy, as well as
multiple counts of securities fraud and theft.
Two others are
accused of taking part in the scheme. Nancy Stratton (DOB:
8-2-45) pleaded guilty earlier to one count each of securities
fraud and theft; she will be sentenced later this month. Mary
Beth Allen (DOB: 9-11-59) is scheduled to go on trial in Denver
District Court in September.
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