DENVER — Colorado Attorney General John Suthers announced today that a Jefferson County District Court judge has sentenced Kenneth Gerald Berry (DOB: 11/20/1943) to 20 years in prison for his part in defrauding investors in an investment scam. Berry also was ordered to pay more than $116,000 in restitution to his victims
According to the complaint, filed in February 2009, Berry sold investors 750 shares of Biotech Information Systems, Inc., stock in exchange for $10,000. Berry did not disclose to his investors that he used their “investment” funds for his own personal expenses. He also did not disclose that he had been convicted of several fraud- and theft-related crimes.
Berry pleaded guilty to securities fraud, a class-three felony, and theft, a class-three felony, on April 14, 2010. His wife and co-defendant, Anne Wakeford Berry, who pleaded guilty to securities fraud, a class-three felony, was sentenced today to five years probation, including one year of work release.