A Palo Pinto County man has been sentenced to 60 years in prison for a Ponzi scam that cost investors at least $2.6 million and involved the sale of nonexistent bank-related investments.
Ronald Keith Owens, 73, was handed the sentence Friday in 209th state District Court, the Texas State Securities Board announced in a news release.
The state sentence followed a 63-month federal sentence Owens received last month in Dallas.
