DENVER – Colorado Attorney General John W. Suthers and Colorado Securities Commissioner Fred Joseph today announced the indictment of Gene Robert Little in connection with an alleged Ponzi scheme involving millions of dollars in investments from Northern Coloradans. The sixty-two year old Little, a Fort Collins resident, was arrested on 42 counts of securities fraud and one count of theft. The indictment was handed down by a statewide grand jury. If convicted on all counts, Little would face a minimum sentence of 172 years in prison, and millions of dollars in fines and restitution.
