EVANSVILLE, IN (WFIE) - An Evansville business man pleads guilty to several counts of fraud.
Prosecutors say Lynn Simon made that plea as part of a deal on Wednesday.
Simon pleaded guilty to 3 counts of fraudulent or deceitful act in the offer, sale or purchase of a security. He also pleaded guilty to unlawful sale of a security.
The total amount of losses with those four investors totaled just over $100,000.
Simon operated two Evansville companies, the Insurance Shoppe and Financial Security Planning.
He will be sentenced to 2 years in prison and 8 years work release.
Simon is also required to pay restitution.