Westbrook Man Charged With Bilking Investors
Web Editor: Rhonda Erskine, Online Content Producer
Created: 8/15/2006 1:17:39 PM
Updated: 8/15/2006 2:53:26 PM
A Westbrook man faces charges that he bilked investors out of $78,000 in order to gain millions in an African investment scheme. 46-year-old Todd Denson is charged with wire fraud and faces up to 20 years in prison and a fine of $250,000 if he is convicted.
He appeared in U.S. District Court in Portland Monday.
Prosecutors say
Denson solicited money from investors in an effort to cash in on an e-mail he
received saying he was entitled to $9,000,000 if he agreed to forward a $1,000
transfer fee to Ghana.
According to an affidavit, Denson told investigators that he sent $60,000 of
his own money, and solicited $78,000 from investors to try to cash in.
(Copyright 2006 by The Associated Press. All Rights Reserved.)
More stories on this topic:
Westbrook man accused of bilking seven investors
Maine man charged with bilking investors