Denver man sentenced for defrauding investors out of nearly $20 million
DENVER — A Denver man was sentenced Thursday to 10 years in prison after defrauding investors out of nearly $20 million in a Ponzi scheme. Daniel Rudden, 72, was sentenced Thursday to serve 121 months in prison, followed by three years on supervised release for fraud. According to a news release from the U.S. District Attorney's Office for the District of Colorado, Rudden was the president and owner of Financial Visions, Inc., a business which paid funeral expenses up front for people who couldn't afford to, and then accepted payment from the life insurance of the person who had died.
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