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Arizona Man Sentenced for Investment Fraud

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An Arizona man was sentenced to ten years in jail for fraud and money laundering after selling fraudulent investments to at least 300 people.
 
The scam involved a so-called charitable gift annuities company but much of the money raised went to gambling and lavish purchases.
 
The scam was discovered in 2001.

Fountain man given 10 years for fraud

East Valley Tribune - 3/21/2006 8:28 AM

Robert Roy Dillie, 50, was sentenced by U.S. District Judge David G. Campbell in Phoenix on March 13 after he pleaded guilty to nine counts of money laundering and wire fraud, the U.S. Attorney’s Office in Phoenix announced on Monday.
 
Dillie, owner and president of Delaware-based Mid-America Foundation, diverted $19 million of the $52 million raised from 300 investors to a p
 
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