Former Registered Broker Sentenced to Prison for Wire Fraud

CLEVELAND – Thomas H. Hissong, 58, of Akron, Ohio, was sentenced Friday to 12 months and a day in prison by U.S. District Solomon Oliver, Jr. after Hissong pleaded guilty to a five count indictment that charged him with wire fraud. Hissong was also ordered to pay $552,850 in restitution to the victim investors and a fine of $2,000.

According to court documents and today’s sentencing hearing, Hissong was a former registered broker. From in or around May 2016 to in or around May 2018, Hissong pitched an investment opportunity to investors to buy shares in Plasma Ignitor, a new spark plug technology, but failed to disclose that he would receive a commission on the sales of the shares. Hissong wrongfully withheld $552,850 of the investors’ monies.

This case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Brian M. McDonough.