Allen County man sentenced to pay $48,000 for securities fraud…

An investigation by Indiana Secretary of State Connie Lawson has lead to the conviction of Randy Ridenour of Fort Wayne. An Allen County Judge sentenced Ridenour to pay $48,000 and to serve four years of probation for a securities fraud scheme. Ridenour promised to invest $30,000 for his victim but chose to use the victim’s funds for a personal fund instead.

“Ridenour was not registered with my office to sell securities, a key warning sign for any Hoosier investor” said Secretary of State Connie Lawson. “You can protect yourself from securities fraud by researching an investor’s work history, licensing status and disciplinary actions on our website www.IndianaInvestmentWatch.com.

“I want to thank Allen County Prosecutor Karen Richards and her staff for their work on this case. This conviction would not have been possible without their determination to prosecute these white collar cases.”