Financial manager avoids more jail time

A financial manager who defrauded his clients out of more than a million dollars has been sentenced, according to CBC.

Quinton Sponagle of Upper Vaughn was ordered to pay his 200 victims $1.1 million. Sponagle pleaded guilty in December to fraud by not investing their money and pocketing it himself.

Sponagle was sentenced to a year’s probation and time served in custody already. That includes 19 months he spent in a prison in Panama while fighting extradition. He was released on bail a month after being returned here in late 2014.