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$1.1M Investment Scam Unfolds in Springfield
A Springfield man has been convicted of orchestrating a massive investment scam that bilked victims out of over $1.1 million.
Christopher Hanson, 53, pleaded guilty in federal court to two counts of wire fraud and money laundering, stemming from his ownership of Hanson Holdings, LLC.
According to the plea agreement, Hanson targeted three victims with promises of substantial returns on their investments. He claimed to purchase a collateralized mortgage obligation (CMO) with two of the victims’ monies and bonds and securities with the third victim’s $100,000 investment.
However, investigators discovered that none of the monies obtained from the victims were used as promised. Hanson instead siphoned the funds into his personal bank accounts, using them to pay other investors or unrelated expenses.
Hanson faces up to 30 years in federal prison without parole, as well as a fine of up to $500,000 and an order of restitution. A sentencing hearing is set to take place after a presentence investigation by the United States Probation Office.
The case was investigated by the FBI and IRS-Criminal Investigation, with Assistant U.S. Attorney Patrick Carney handling the prosecution.
Tammy Dickinson, United States Attorney for the Western District of Missouri, announced Hanson’s guilty plea, highlighting the severity of the crime and the importance of holding perpetrators accountable.
Key Facts
- State: Missouri
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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