Mark Blankespoor: Iowa Man Charged in Ponzi-Like Scheme

Publicly available records provided by the Department of Justice and accessed on April 3, 2019 indicate that Mark Blankespoor of Pella, Iowa has been charged by the US Attorney’s Office for the Southern District of Iowa with mail fraud (twelve counts) and wire fraud (twelve counts). He will be tried on June 3, 2019 in Des Moines, Iowa. According to a Department of Justice press release, Mark Blankespoor worked in Pella, Iowa as a health coach and a consultant. In connection with the alleged Ponzi-like scheme he is accused of running, he allegedly made representations to possible investors that he was “involved in developing medically-oriented gyms” and had licensed a fitness program to clinics around the country. Beginning in or around May 2013 and continuing until at least January 2019, according to the release, he told investors that they could make money investing in his gym concept, and “at least 150 investors” invested about $15 million…

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