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Continued: Financial adviser who scammed retirees given 10-year prison sentence

  • Article by: DAVID PHELPS , Star Tribune
  • Last update: August 14, 2014 - 11:13 PM

Nelson agreed. “I recognize a lifetime of substance abuse … but that’s not what caused the crime. What caused the crime was pure unadulterated greed.”

In addition to the $2.9 million in restitution that is part of Holt’s criminal sentence, he was also fined $300,000 last month by the Minnesota Commerce Department for the same actions.

David Phelps • 612-673-7269

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