- Associated Press - Tuesday, June 16, 2015

PORTLAND, Ore. (AP) - A former Tigard businessman is set to voluntarily surrender to the U.S. Bureau of Prisons in September after he admitted to taking nearly $1 million from his investors to pay for his lavish lifestyle.

The Oregonian reports (https://bit.ly/1LcuCHE ) that Bryan Scott Gunn has been sentenced to one year, eight months in prison. He was also ordered to make restitution to his victims of $930,308 and serve three years on post-prison supervision.

Prosecutors say Gunn’s convinced his victims to invest $500,000 in an equipment leasing company, but then told victims he sold the equipment business’s portfolio to a second fictional company when they wanted a return on investment.

They say when his victims sought payment, he said the second company had filed bankruptcy and swindled the victims out of another $411,000.

___

Information from: The Oregonian, https://www.oregonlive.com

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide