What You Have to Know
- A federal jury discovered David Allen Harbour responsible on six counts of wire fraud and 11 counts of transactional cash laundering.
- He promoted fraudulent high-yield investments tied to payday loans, in keeping with prosecutors.
- Harbour spent consumer cash on bills together with a non-public jet and a non-public Eagles live performance, prosecutors stated.
A federal jury discovered an Arizona man who acted as a monetary advisor responsible on six counts of wire fraud and 11 counts of transactional cash laundering, in keeping with courtroom paperwork and the Justice Division.
David Allen Harbour, 49, of Scottsdale was discovered responsible by the jury on March 2 and he then, on Tuesday, pleaded responsible to 1 depend of tax evasion, resolving two pending trials scheduled for later this month, the U.S lawyer’s workplace for the District of Arizona stated in a information launch on Thursday.
Sentencing is scheduled for June 5 earlier than Choose Douglas L. Rayes at U.S District Courtroom for the District of Arizona.
“Harbour acted as a self-styled funding advisor who defrauded quite a few victims between 2007 and 2021,” in keeping with the Justice Division.
The whole loss to buyers exceeded $20 million and Harbour diverted his shoppers’ cash to fund a lavish way of life, the Justice Division stated.
“Harbour’s extravagant expenditures included: personal jet journey; nation membership memberships in Arizona, Coeur d’Alene, Idaho, and Cabo San Lucas, Mexico; million-dollar speedboats; stays at luxurious accommodations; costly jewellery; and a non-public fortieth birthday live performance by the Eagles,” in keeping with the Justice Division.