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Justice News

Department of Justice
U.S. Attorney’s Office
Northern District of Iowa

FOR IMMEDIATE RELEASE
Monday, November 7, 2016

Former Marion Investment Broker Sentenced To Two More Years In Federal Prison After Obstructing Justice During His Prior Criminal Prosecution

A former investment broker who was previously sentenced to more than nine years’ imprisonment for defrauding his investment clients was sentenced today to two more years in federal prison for obstructing justice during the course of proceedings related to his fraud prosecution.  

Randy Beltramea, age 52, from Marion, Iowa, received the additional prison term after a guilty plea to four counts of obstruction of justice. 

At the guilty plea hearing, Beltramea admitted that, after the government instituted forfeiture proceedings to forfeit his interest in property he purportedly obtained from fraudulent activity, he took unlawful steps to obstruct the forfeiture proceedings by accepting payments for and placing a mortgage on property that had been identified as forfeitable.   

Beltramea was sentenced in Cedar Rapids by United States District Court Chief Judge Linda R. Reade.  Beltramea was sentenced to 24 months’ imprisonment.  A special assessment of $400 was imposed.  There is no parole in the federal system.

The case was prosecuted by Assistant United States Attorney Jacob Schunk and investigated by the Internal Revenue Service.  

Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl

The case file number is 1:14-cr-00095-LRR.

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Topic(s): 
Financial Fraud
Component(s): 
Updated November 9, 2016