Beckman gets 30 years in Ponzi scheme despite begging for mercy - KMSP-TV

Beckman gets 30 years in Ponzi scheme despite begging for mercy

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One of the men behind a $194 million Ponzi scheme will spend the next 30 years behind bars despite begging before the court.

Bo Beckman rambled off a 50-minute statement in court on Thursday, dropping to his knees and pleading for mercy -- but the judge didn't by it.

In fact, the judge told Beckman what he did to victimize people -- most of whom were retirees -- was worse than using a gun.

In June, Beckman was convicted of fraud and money laundering.

He has been ordered to pay $155 million to 727 victims of the scheme, which was organized by his associate, Trevor Cook.

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