Creative Scam Sends Mo. Man to Jail
ST. LOUIS (AP) — A northern Missouri man has been sentenced to more than six years in prison and ordered to pay $2.7 million for a marketing scheme involving an energy-generating machine.
The U.S. attorney’s office said Tuesday that David Grammer claimed a fictitious device known as “Boydoplex” could generate energy. It says 84 investors sank over $3.3 million into the machine, which Grammer claimed was being developed in Hannibal and Evansville, Ind. When investors questioned delays, Grammer allegedly told them the laboratories had flooded or been destroyed by natural disasters.
The 55-year-old Macon resident pleaded guilty in April to two felony counts of mail fraud. He was sentenced Tuesday to 78 months in prison. The $2.7 million of restitution is the amount the U.S. attorney says was traced to Grammer’s bank accounts.
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