|By Pamela Lehman, The Morning Call (Allentown, Pa.)|
|McClatchy-Tribune Information Services|
On Friday, District Attorney
Morganelli called Freer's conduct despicable, saying he conned investors out of their hard-earned funds with Freer's promises of doubling their funds. Freer is in county prison under
"We moved now because I don't want to see him out even walking around again," Morganelli said. "I hope he has a long life because it's going to be spent in prison."
He said authorities are also looking at involvement of Freer's wife, Beverly.
Morganelli said the Freers did not live lavishly and authorities have worked to seize their bank accounts.
Those who invested with Freer were average people who earned their money through retirements and savings, the district attorney said.
Citing personal reasons, in 1991 Freer resigned as
Freer also worked for
Although he touted himself as an investment adviser, Morganelli said Freer is not registered in the state.
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