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Investor sentenced for $10 million fraud

Some of the gold coins found in the basement of Don Weir's house
St. Louis Public Radio photo/Rachel Lippmann
Some of the gold coins found in the basement of Don Weir's house

By Rachel Lippmann

St. Louis – A St. Louis-area investor who stole more than $10 million of his client's money has been sentenced to six and a half years in prison.

Don C. Weir must also pay those clients more than $12 million in restitution. He pleaded guilty in February to a mail fraud charge for selling gold coins he had purchased for clients as investments without their permission. Weir used the money from those sales to pay for private school education and to make charitable donations.

The Postal Service in a statement said it will continue to look for other assets to use for restitution.

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