Joshua Henner Sentenced to 30 Months for $2.4M Fraud Schemes, New York NY, 2024

A former partner of an investment management firm has been sentenced to 30 months in prison for running two separate fraud schemes that stole over $2.4 million from victims in New York.

Joshua Henner, 37, of New York, was sentenced by U.S. District Judge John G. Koeltl on Friday, September 20, 2024, after pleading guilty to one count of wire fraud.

Henner’s crimes ruined the lives of his victims, with some postponing retirement, others losing their life savings, and others forced to change professions or work multiple jobs to account for their significant financial losses.

According to the allegations contained in the Indictment, the plea agreement, and other public filings and statements made in court, Henner ran two schemes that defrauded victims out of at least $2.4 million from at least March 2022 through at least December 2022.

In the first scheme, Henner solicited and obtained funds from victims based on representations that he had been an angel investor in a start-up and that he needed funds to purchase additional shares in the company to maintain his investment position.

Henner made materially false oral and written statements to induce victims to give him funds, including lies about his previous investment in the company and his ownership interest in the company. He misappropriated his victims’ funds by transferring the funds to himself and other individuals without their knowledge or authorization.

In a second scheme, Henner induced at least six victims to lend him money to renovate an apartment that he did not own. He created a fraudulent email address with the real name of an employee of the renovation company and informed victims that he had contracted with a renovations company.

Henner was sentenced to three years of supervised release and ordered to forfeit $2,452,480 and make restitution in an amount to be determined.

U.S. Attorney Damian Williams praised the outstanding investigative work of the Federal Bureau of Investigation.

This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorney Brandon C. Thompson is in charge of the prosecution.

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