Office of the Attorney
TOPEKA — A Maryland man was sentenced yesterday to more than three years in prison and ordered to pay $845,900 in restitution for his roles in securities crimes dating to 2011, Kansas Attorney General Derek Schmidt said.
Ronald D. Morley, 64, was sentenced by Shawnee County District Court Judge Jason Geier to serve 38 months in a Kansas Department of Corrections facility for one count of securities fraud and one count of acting as an unregistered issuer agent. The charges stemmed from incidents that occurred in Shawnee County between 2011 and 2013. The loss to four Kansas investors was more than $800,000.
Morley initially pleaded no contest to the charges in March 2018, and received a departure sentence of probation. Schmidt’s office successfully appealed the sentence, and in April 2021 the Kansas Supreme Court ordered Morley to be resentenced.
The case was originally filed and investigated by the Office of the Kansas Securities Commissioner. Deputy Attorney General Steven Karrer and Assistant Attorney General Stacy Edwards of Schmidt’s office prosecuted the case.