Larry Allen Hehr of Aurora was sentenced to eight years in prison after being found guilty of securities fraud for the third time.
Hehr is accused of defrauding Colorado investors following an investigation by the Colorado Securities Division. He was charged with three counts of securities fraud, one count of theft and three counts of being a habitual criminal.
Hehr induced state investors to invest in a bar/restaurant business by promising large profits from its operations.
Hehr’s first conviction for securities fraud was in 1990, and his second occurred in 2008. He was on probation at the time he committed his third offense, according to a press release from the Securities Commission.