EXCERPT:

"A pension-fund administrator who pleaded guilty to wire fraud in a scheme that bilked 15,000 investors out of $11.4 million was sentenced Monday to nearly five years in prison. Jerry G. Allison, president and majority owner of Qualified Pensions Inc., was sentenced to 57 months in prison... and ordered ... to pay $6.6 million in restitution."

OTHER POINTS:

Allison was a third-party administrator of self-directed individual retirement accounts from October 1991 to September 1995

Allison "misappropriated cash that was held within the IRAs in pooled bank money-market accounts."

For complete text, contact The Arizona Republic.