Justice Dept.: Man Sentenced for Role in $55M Investment Fraud Scheme
October 03, 2023
October 03, 2023
WASHINGTON, Oct. 3 -- The U.S. Department of Justice issued the following news release on Oct. 2, 2023:
A Florida man was sentenced today to six years in prison for orchestrating an investment scheme that defrauded more than 10,000 victims of over $55 million.
According to court documents, Michael Glaspie, 72, of Palm City, marketed an investment opportunity under the name "CoinDeal" or "Coin Deal." Glaspie claimed that CoinDeal would yield extremely . . .
A Florida man was sentenced today to six years in prison for orchestrating an investment scheme that defrauded more than 10,000 victims of over $55 million.
According to court documents, Michael Glaspie, 72, of Palm City, marketed an investment opportunity under the name "CoinDeal" or "Coin Deal." Glaspie claimed that CoinDeal would yield extremely . . .