Glasgow man pleads guilty to swindling investors

A Barren County man has pleaded guilty to a charge that he swindled investors, according to a news release from David J. Hale, U.S. Attorney for Western Kentucky.

Jonathan Neal Leber, 36, of Glasgow, operated Intrepid Financial Strategies, Inc.

He promised clients he would place their money in various investments, such as stocks, bonds, annuities and a recycling business, but in fact took their money for himself, investing some in a business he had called Cedar Ridge Shooting Ride Academy, LLC, according to the news release.

Leber defrauded clients in Kentucky and Indiana out of $2.4 million between August 2007 and January 2012, according to Hale's office. He faces up to 20 years in federal prison.

Leber pleaded guilty earlier in state court to fraud and forgery charges and is serving time in a Kentucky prison.