PELLA MAN CHARGED WITH SCAMMING MILLIONS FROM INVESTORS

Pella man charged with scamming millions from investors

A man from Pella is accused of scamming investors in a multi-million dollar Ponzi-like scheme.  Mark Alan Blankespoor was charged in federal court last week with 12 counts of mail fraud and 12 counts of wire fraud.  According to the indictment, Blankespoor was a health coach and consultant in Pella.  He told others he was developing medically-oriented gyms and licensing the program to fitness clinics across the country.  Investigators say since at least May 2013 and up to January of this year, Blankespoor was seeking investors.  At least 150 investors paid Blankespoor roughly $15 million.  Not all of that money went into the business.  His investors have lost $6.5 million.  Blankespoor is scheduled to go on trial June 3 in Des Moines.

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