Daryl J. Hudson, III, Wire Fraud, New Mexico 2012

A Washington, D.C. financial consultant has been sentenced to almost six years in federal prison for defrauding a Santa Fe business.

On [September 2012], a federal jury found Daryl J. Hudson, III, 60, guilty of all seven counts of wire fraud after a nine-day trial.

Hudson was the Chairman and CEO of Hampden Kent Group, LLC (HKG), a Washington, D.C. based company that advertised its ability to obtain debt funding for start-up businesses in the green energy sector.

According to the trial testimony, in early 2011, the president of Bluenergy Solarwind, Inc. (BSI), a Santa Fe-based developer of green energy-related equipment, began seeking approximately $80 million in debt funding so that BSI could manufacture new solar wind turbines.

In an effort to obtain this financing, he attended networking events designed to connect entrepreneurs with funding sources, and eventually was referred to Hudson as a person who could locate funding for BSI.

By mid-July 2011, the BSI president contacted Hudson to discuss the prospect of engaging HKG to locate and place $80 million dollars in debt funding for BSI.

Hudson was sentenced this afternoon to 70 months in federal prison followed by three years of supervised release, and ordered to pay $1,875,000.00 in restitution to the victim of his crimes.

Source: https://www.justice.gov/usao-nm/pr/washington-dc-financial-consultant-sentenced-almost-six-years-federal-prison-defrauding