It turns out that Jasen Snelling, the Cincinnati man who was sentenced Tuesday to 131 months in prison for running a Ponzi scheme, also ran a ‘successful” mutual fund back in the day.

The Biz Courier’s beat reporter Steve Watkins recalls interviewing Snelling in January 1999 when he ran a mutual fund based in Cincinnati dubbed the Regional Opportunity Fund. According to Watkins, the fund fared pretty well gaining 55% in 1998 and earninig a five-star rating from Morningstar in 2000.

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