A 59-year-old Lone Tree man has been has been sentenced to 76 years in jail for securities fraud.

Kelly James Schnorenberg was discovered responsible by a Douglas County jury in October on 25 counts totaling $16 million, in keeping with the Colorado Division of Regulatory Companies.

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Schnorenberg, twice sued by the Colorado Division of Securities from 1999 to 2005, bilked 240 traders, the Division of Regulatory Companies mentioned.

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Douglas County District Senior Choose Paul King ordered the sentence in December after evaluating the proof introduced at a four-week jury trial and after inspecting written sufferer impression statements from greater than 90 victims defrauded by Schnorenberg, the division mentioned.

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