Business
Man, 42, Defrauds Investors of $7 Million, Including $4.5 Million From a Darien Investment Firm
|
A 42-year-old man was sentenced to 11 years in prison for defrauding an unnamed Darien investment firm of $4.5 million, which he claimed would be used to buy an Airbus A320-231 airframe and two aircraft engines. Another 12 people were also victimized in the scam, which netted Wine more than $7 million. Last November, after Wine had pleaded guilty in connection with the scheme, he was arrested based on an allegation that he tried to defraud a bank in order to buy a Cadillac. He had previously pleaded guilty to fraud in a 2010 federal case and was sentenced with probation. Here’s the announcement about the sentencing, released Wednesday by the U.S. Attorney’s Office in New Haven:
Kyle J. Wine, 42, of Lee’s Summit, Missouri, was sentenced today by U.S. District Judge Omar A. Williams in Hartford to 132 months [11 years] of imprisonment, followed by three years of supervised release, for fraud and money laundering offenses stemming from a $7 million scheme related to his commercial aircraft supply businesses.