- Associated Press - Tuesday, December 23, 2014

CHICAGO (AP) - A federal judge in Chicago has sentenced a Canadian man to seven years in prison for swindling elderly U.S. victims in an $8 million telemarketing scheme that operated from the Philippines.

Federal prosecutors announced the sentence Monday. U.S. District Judge Thomas Durkin said during a sentencing hearing Friday that 56-year-old Austin Etches “was up to his eyeballs” in the ruse. Etches was ordered to pay approximately $8 million in restitution.

He pleaded guilty to mail fraud in June and cooperated with the investigation. Charges are pending against two other people who are believed to be outside the United States.

Prosecutors say many of the victims were widows and retirees. The scheme involved selling phony certificates of deposit and real estate that didn’t exist.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide