Third member of Fishers investment firm sentenced for fraud

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The third and final member of a Fishers-based capital investment firm called the Dane Group has been sentenced to three years in the Indiana Department of Correction.

Fennis “Nick” Bledsoe was sentenced Thursday after being charged with five felony counts, including aiding the unlawful sale of securities, aiding in securities fraud and corrupt business influence.

Bledsoe, Bruce McIntyre and Shelly Guzman founded the Dane Group in 2012.  

Together, the partners sold unregistered short-term promissory notes to at least four Hoosiers totaling over $375,000 in 2013 and 2014, investigators say.  Bank records show the funds from the sales were used for personal expenses, contrary to the expectations of the victims.

Earlier this year, McIntyre and Guzman were charged with 15 felony counts, including securities fraud, the sale of unregistered securities, acting as unlicensed agents, and corrupt business influence.

McIntyre pleaded guilty to securities fraud and corrupt business influence. He was sentenced April 20 to six years in the IDOC and ordered to pay $382,593 in restitution to the Indiana residents.  

Guzman pleaded guilty to securities fraud and corrupt business influence. She was sentenced Aug. 31 to four years in the IODC and ordered to pay $300,000 in restitution to one Indiana resident.

Sentences in the IODC do not always involve prison time. They can also involve work release or home detention.

McIntyre is married to Guzman, but investigators say Guzman was romantically involved with Bledsoe during the period in which the crimes occurred. Guzman’s three children also each received a paycheck from the Dane Group during that time.

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