Last week, a federal grand jury supported two dozen charges against a Pella man for mail and wire fraud.
Mark Alan Blankespoor, of Pella, was charged with 12 counts of mail fraud and 12 counts of wire fraud, U.S. Attorney Marc Krickbaum announced Monday. The grand jury reached their decision on March 26, according to court filings.
According to the grand jury’s charges, Blankespoor was a health coach that told others he was “developing medically-oriented gyms and licensed the program to fitness clinics across the United States.”
Along with that, Blankespoor gathered at least 150 investors who provided $15.4 million in funds to him, according to documents. The grand jury alleges that he used those funds for his own benefit. Losses totaled more than $6.5 million to the investors.
The acts covered in the grand jury’s indictment began around May 2013 and continued through January of this year.
Mail and wire fraud charges are punishable by up to 20 years in prison and up to $250,000 in fines.
A trial date for Blankespoor has been set for June 3 in Des Moines.