Skip to main content
You have permission to edit this article.
Edit
Man sentenced for concert investment scheme
AP

Man sentenced for concert investment scheme

  • Updated
{{featured_button_text}}

ORLANDO, Fla. (AP) — A Florida man was sentenced Monday to four years and nine months in federal prison for his part in a multimillion-dollar concert investment scheme.

Edison Denizard, 41, of Orlando, was sentenced in Orlando federal court, according to court records. He pleaded guilty in October to conspiracy to commit wire fraud. in addition to serving prison time, Denizard must forfeit his lakefront home and pay back nearly $1.7 million.

According to court documents, Denizard and co-conspirator Andres Fernandez raised millions of dollars from dozens of victims between March 2016 and June 2017. The victims believed that they were investing in events by top artists, including Drake, Garth Brooks, Pitbull, The Weeknd and Maná. But Denizard and Fernandez were not actually involved in most of the events, officials said.

Denizard used most of the funds that he had received from investors to pay fraudulent investment returns to earlier investors and for his own personal use, investigators said. Victims’ losses were at least $7.4 million, prosecutor said.

Fernandez was sentenced to 10 years in prison last year after pleading guilty to 12 counts of wire fraud.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News

Crime

Entertainment & Dining

Latest News

Local Sports

NWI Prep Sport News

Weather Alerts