New Mexico Man Sentenced to Nearly 22 Years in Federal Prison for Fraud, Money Laundering, and Obstruction Conspiracies | USAO-SD

United States Attorney Dennis R. Holmes announced that John Rick Winer, age 68, of New Mexico, convicted for his role in fraud, money laundering, and obstruction of justice conspiracies, was sentenced on Monday April 18, 2022, by U.S. District Judge Karen E. Schreier.

Winer was sentenced to 262 months in federal prison, followed by three years of supervised release, nearly $11 million in restitution, and forfeiture of a residence in Norway, a luxury vehicle, approximately $4 million in silver coins, and a laptop.  He was also ordered to pay $1,200 to the Federal Crime Victims Fund.

Defendants John Rick Winer, Nathan Peachey, and others were originally indicted by a federal grand jury on November 5, 2019.  A Second Superseding Indictment was filed on October 6, 2020.  Peachey and Winer proceeded to trial in November 2021, and the jury returned guilty verdicts on all counts against both defendants.  Peachey was sentenced on February 14, 2022, to 300 months in federal prison and ordered to pay approximately $11 million in restitution.  Winer was originally scheduled for sentencing that same day but failed to appear. 

According to evidence presented at trial and court documents, Peachey resided in and operated from the State of Pennsylvania and from a suburb of Oslo, Norway.  Peachey aided in soliciting millions of dollars from investors in the United States, and he received funds from others who were involved in the fraud scheme.  Funds obtained by and through Peachey were, in part, laundered through and into domestic and international bank accounts.  After his receipt of funds, Peachey would transfer or wire funds to his co-conspirators, and he also would use funds on personal expenditures.

Winer resided and operated from the State of New Mexico, among other places.  Winer recruited individuals from South Dakota and elsewhere to invest in various projects, and he solicited funds that were obtained through the fraud scheme.  After his receipt of funds, Winer would transfer or wire…

Read complete post here:
Source link