Jan. 30--A Lancaster man who was convicted of conspiracy to commit wire fraud in a phony investment scheme was sentenced to serve 52 months in prison by U.S. District Judge Richard J. Arcara, according to the U.S. Attorney's Office.
Federal prosecutors said Christopher Dillon, 55, conspired with others between May 2010 and November 2013 to fraudulently obtain more than $5 million in money and property from 27 people who invested in two companies they formed, i2i Capital and i2i Settlement Partners.
The limited liability companies were incorporated in Delaware, but listed a business address in Lancaster, prosecutors said.
According to the U.S. Attorney's Office, Dillon and other members of the conspiracy made false representations to the victims regarding the nature of their investments and the associated risks, duration and rates of return.
Funds from some of the victims' bank accounts were wired to bank accounts controlled by Dillon and his co-conspirators. At least five investors suffered substantial financial hardship by losing retirement or other savings and investment funds, prosecutors said.
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