Man Gets 6 1/2 Years for Bilking Investors
From Times Staff Reports
The president of a Canoga Park telemarketing firm that bilked stock market investors out of millions of dollars was sentenced in federal court Monday to 61/2 years in prison and ordered to pay $6.2 million restitution to his victims.
David Allan Colvin, 57, who has been behind bars since 1999, operated Intellinet Holdings, described by prosecutors as a “boiler room” operation that conned victims into believing they were investing in companies about to go public.
