- 2001
Respondent opened an investment business named Walstra Financial Services, Inc., which he operated as a sole proprietorship in Demotte, Indiana. From approximately 1986 through 2000, he advised certain investors that he would invest their money and pay them interest on their investments at various rates. However, rather than making the requested investments, proceeds were misappropriated for Ponzi payments and personal use. Investor losses of approximately $1,064,000. Respondent was also criminally convicted and sentenced to 33 months in prison.
