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Ex-Missoula lawmaker sentenced for illegal securities sale

HELENA (AP) — A former state lawmaker who pleaded guilty to selling securities in Montana without a license has been given a six-year deferred sentence and ordered to repay his victims the nearly $336,000 they lost.

District Judge Mike Menahan sentenced William R. Nooney of Missoula last week in Helena. Nooney was charged last September and pleaded guilty in April.

Prosecutors allege clients invested nearly $459,000 in securities that Nooney was not registered to sell and that were not registered with the state.

(Details in Tuesday's Havre Daily News.)

 

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