A Kentucky man must pay a hefty fine after being convicted of securities fraud in Chippewa County.
A criminal complaint claims 46-year-old Jason Towe called a Chippewa Falls man in 2012 and asked him to invest money with him. The man invested over 55-thousand dollars but Towe is accused of leaving out facts in the deal. It’s also illegal to make cold calls on securities investing in multiple states and Towe was under criminal investigation at the time. Towe recently pleaded no contest in the case and was ordered to pay over 55-thousand dollars in restitution and fees.