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Convict offers $19 million for leniency

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MINNEAPOLIS (AP) — A former money manager convicted in a Ponzi scheme is offering to pay victims $19 million in return for a lenient sentence.

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Jason "Bo" Beckman is facing a possible life sentence on 15 fraud and money-laundering charges related to a $194 Ponzi scheme run by a business associate. The fraudulent investment scheme bilked more than 700 people, mostly retirees.

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