Lee Michael Harrison, 39, of Oklahoma City, has been charged with three counts of wire fraud in a brazen scheme that duped two investors out of $40,000.
According to court documents, Harrison convinced the investors to hand over $20,000 each by peddling a fictitious technology called ‘Capture’ that supposedly prevented cell phones from dropping calls. The catch? He allegedly had already sold the non-existent tech to a prominent New York financier for a whopping $6 billion.
Harrison’s scheme, which unfolded in 2010 and 2011, aimed to establish restaurants and clubs in North Carolina, as well as sell a reality TV show to the Food Network.
The FBI investigated Harrison’s dealings, and Assistant U.S. Attorney Laurie Magid is leading the prosecution.
If convicted, Harrison faces a maximum sentence of 60 years in prison, three years of supervised release, a $750,000 fine, and a $300 special assessment.
An indictment is merely an accusation, and Harrison remains innocent until proven guilty.
Harrison’s alleged scheme has left two investors out of $40,000, while the true extent of his financial dealings remains to be seen.
The case highlights the importance of due diligence in investment decisions, as Harrison’s victims were left reeling after falling for his outlandish claims.
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Key Facts
- State: Pennsylvania
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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