RENO, Nev. (CN) – He told his victims he needed their $3.6 million to buy a Nevada golf course, and on Monday he was sentenced to 19 years in prison.
Scott H. Summerhays, 56, claimed he needed a short-term loan to buy a $17 million golf course in Gardnerville, south of Minden. His own money was tied up in a trust, but he had more than $30 million in solid stocks, Summerhays assured his 11 victims.
None of it was true, the U.S. Attorney’s Office said Monday.
Summerhays pleaded guilty in February 2014 to 14 counts of wire fraud, seven counts of money laundering, two counts of identity theft, and one count of aggravated identity theft.
“If you are considering a financial arrangement with someone, be sure to check the veracity of any documents they provide you, as fraudulent documents are common and easy to create,” U.S. Attorney Daniel Bogden said.
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