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Former Cedar Rapids investment adviser sentenced

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A Linn County judge on Monday sentenced former Cedar Rapids investment adviser Noah Aulwes to 10 years in prison and ordered him to pay more than $363,000 to dozens of victims, according to a release from Iowa Attorney General Tom Miller. In August, Aulwes, 56, pleaded guilty to securities fraud, first-degree theft, and money laundering.  From March 2007 to May 2010, Aulwes stole investors’ funds and made “Ponzi-type” payments to other investors.  Aulwes also diverted funds into an account in the Philippines and routed money back to an account in the United States in an effort to obscure the theft and fraud. Aulwes victimized more than 35 investors, most of whom were older Iowans.