Man pleads guilty to wire and money laundering in massive and indiscriminate affinity fraud scheme.
A man from Utah received 36 months in prison for wire fraud and money laundering. This crime was affiliated with an affinity fraud scheme. This type of fraud affects members of a certain group and is normally run by someone pretending to be a part of that group. The perpetraitor’s name is Ronald Wayne Leavitt. As a part of his scheme he targeted his own friends, their relatives and even members of his church.
Leavitt operated the scheme by telling his victims various lies. To some, he pretended to own limousines, to others he said he was the executor of a big trust fund. He also claimed that he owned properties worth millions and that he had inherited a lot of money from his parents. After telling these falsehoods, Leavitt asked victims to invest in his business ventures. He was able to get investments for fake real estate properties in California and Moab, Utah. He also got investments for a sugar substitute company that did not exist.
In March of 2018, Leavitt pleaded guilty to wire fraud and money laundering. He admitted that he conned investors out of a total of $680,000. As a result, prison will be this perpetraitor’s new home for the next 36 months. The federal court has also ordered Leavitt to pay $519,420.55 in restitution. According to U.S. Attorney for Utah John Hube, he has already paid $160,000 back to victims as of March 2018.