Scottsdale con man David Allen Harbour is looking at serious time after a federal jury slammed him with convictions on six counts of Wire Fraud and eleven counts of Transactional Money Laundering. Harbour didn’t just steal from his investors – he flaunted it, blowing over $20 million on a lifestyle ripped straight from a bad movie.
For fourteen years, from 2007 to 2021, Harbour posed as a financial advisor, raking in investments from unsuspecting victims. But instead of putting their money to work, he diverted it into his own pockets, funding a relentless spending spree. We’re talking private jet travel, luxury hotel bills, and memberships at exclusive country clubs in Arizona, Idaho, and Mexico. The guy clearly thought he was untouchable.
The feds say Harbour’s greed didn’t stop there. He splurged on million-dollar speedboats, expensive jewelry, and, unbelievably, a private concert by the Eagles for his 40th birthday. While his investors were losing their life savings, Harbour was living like a rock star. It’s a sickening display of callous disregard for the financial ruin he caused.
Harbour also attempted to evade taxes on his ill-gotten gains, pleading guilty to one count of Tax Evasion in addition to the fraud and money laundering charges. This wasn’t a simple mistake; it was a calculated effort to hide his criminal activity. The plea resolved two pending trials, but it won’t save him from a lengthy prison sentence.
The investigation was a joint effort between the Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation. These agencies worked tirelessly to untangle Harbour’s complex web of deceit and gather the evidence needed for a conviction. Assistant United States Attorneys Kevin M. Rapp and Coleen Schoch from the District of Arizona led the prosecution, building a rock-solid case against the swindler.
Harbour is scheduled to be sentenced on June 5, 2023, before United States District Judge Douglas L. Rayes. Federal prosecutors are hoping for a sentence that reflects the scale of Harbour’s crimes and sends a clear message: stealing from investors and living lavishly on their losses won’t be tolerated. This case is a stark reminder of the dangers of investment fraud and the importance of due diligence before handing over your hard-earned money.
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