Robert McManus pleaded guilty Tuesday to one count of the sale of securities without a license and one count of the sale of unregistered securities, both felonies of the second degree.
Mcmanus faces a possible prison sentence of 16 years and a maximum fine of $30,000. As part of a plea agreement, Mcmanus agreed to pay restitution in the amount of $2,251,712 to 18 investor victims.
Mcmanus was the host of “Safe Money America,” a brokered talk show broadcast on 700WLW.
His sentencing is scheduled for Feb. 17, 2015.
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