Mark E. Spangler was placed on probation.
Spangler, who once managed $25 million of other people’s money and who pleaded guilty, was placed on five years’ probation for an alleged scheme to defraud investors of $297,000. The former president of The Spangler Group of Boston said he will continue therapy for psychological problems, complete his college education and make restitution. He had pleaded guilty Nov. 17 to mail fraud and to making false statements to the Securities and Exchange Commission.
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