MINNEAPOLIS (AP) -- A federal judge in Minnesota has sentenced a Colorado man to more than four years in prison for scamming investors out of $7 million.
Thirty-seven-year-old Evan Flaxman, of Silverthorne, Colo., was given 4 years and 4 months in prison on mail fraud Tuesday.
In a plea agreement with federal prosecutors, Flaxman admitted misrepresenting his financial expertise and resources in convincing his victims to make investments from December 2009 to March 2012.
Prosecutors say Flaxman provided one investor with one document which showed purported investment gains. But, authorities say Flaxman instead was using investors' money for his personal use, including Ferraris and Porsche cars and a Rolex watch.
Recipe for Cajun Rib-eye, Cheddar Potato Cakes & Corn on Cobb with Voodoo Butter Ingredients for four people 4-Ribeyes (any Steak Works) ½ cup Cajun Seasoning ( Recipe Follows) 1 Cup Voodoo ButterMore >>
Recipe for "Little Bit of Cajun" ... from Wildwood Sports Bar & GrillMore >>
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Lynn Jacobs at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.