PELLA — Mark Alan Blankespoor, of Pella, has been sentenced to 80 months in prison and is required to pay over $8.4 million in restitution to more than 100 victims.
Blankespoor, who was a health coach and consultant in Pella, pleaded guilty to wire fraud in June, 2019 and was sentenced Nov. 1.
For more than four years, according to court documents, Blankenpoor convinced investors they had a money-making opportunity by investing in his medically-oriented gym concept. At least 100 investors provide Blankespoor with approximately $15 million in investment funds.
Blankespoor admitted he used the investors' money for unauthorized purposes for his personal expenses and paying other investors to further the scheme.