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Man accused of federal fraud

A Camdenton man is indicted by a federal grand jury for serious fraud.

Court documents allege 61-year old Paul David Ward used his position as president of an aviation company, to rip off friends and associates.

Prosecutors say between 2011 and 2016, Ward solicited money from investors, then used that money to pay personal expenses and make payments to previous investors.

The government says Ward owes about 25 investors a total of $264,720.

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