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Former Michigan representative convicted in Ponzi scheme

Cash money
Cash money

LANSING (WKZO) -- Former Republican state Representative Brian Palmer of Romeo is awaiting sentencing after a guilty plea to his role in a nine-million dollar Ponzi scheme while he was in office.

Michigan Attorney General Bill Schuette announced the plea by Palmer to one count of neglect of duty by a public official.  The misdemeanor conviction carries a penalty of a fine of one-thousand dollars or a year in jail.

Palmer is the fifth person convicted in connection with a scheme by API Worldwide, Incorporate, which swindled more than 150 people from 2006 to 2012.

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