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Neb. man admits mail fraud in investment scheme

By Washington Examiner
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LINCOLN, Neb. (AP) — One of three former Grand Island-based insurance agents accused of defrauding more than 250 investors out of $29 million has pleaded guilty and agreed to help prosecutors.

The Grand Island Independent (http://bit.ly/Mt8zLn ) reports that Kenneth Mottin, of St. Libory, pleaded guilty to mail fraud last week.

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