California Man Sentenced for Defrauding Elderly Victims in Vineland, NJ
A California man has been sentenced for defrauding elderly victims in Vineland through a bogus investment scheme.
U.S. Attorney Philip Sellinger says 59-year-old Christopher Glynn of Burbank, CA, previously pleaded guilty to one count of wire fraud and one count of money laundering. He was sentenced to 42 months in prison on Tuesday.
Officials say Glynn approached two people in Vineland and offered them an opportunity to invest hundreds of thousands of dollars in a business development loan. He also said the loan would be used for expenses related to an animal welfare charitable foundation and shelter that Glynn was helping the victims to set up.
Glynn ultimately directed the victims to wire funds to various bank accounts that Glynn controlled, in order to fund the “business development loan.” The victims did so, relying on Glynn’s representations about how the funds would be used. In addition, Glynn also convinced the victims to open credit cards in the name of their forthcoming animal welfare charitable foundation, to which Glynn and his associates would have access.
Unfortunately for the victims, Sellinger says Glynn and his associates misappropriated the victims’ money and used it for unauthorized personal expenses, like travel and tanning services.
In addition to the prison term, Glynn was sentenced to three years of supervised release.