INDIANAPOLIS (WISH) – An Ohio man who stole money from Carmel investors was sentenced to nearly five years in federal prison.
37-year-old David Bridges plead guilty to charges that he came up with a scheme to fraudulently get money from investors for his own benefit.
Bridges told investors the money would be used for purchases of investment and insurance products.
Over $650 was taken from all the victims involved.
Bridges also admitted to opening a fake company called SD Capital LLC. From December 2009 to April 2012 investors wrote Bridges check for investment products.
The United State Attorney said Bridges will spend 58 months in federal prison, he will also be on supervised release for three years and must pay over $500 in restitution to the victims.