Atlanta Man Sentenced On Wire Fraud Charge
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BUFFALO, N.Y.-U.S. Attorney William J. Hochul Jr. announced today that Rodney Walker, 46, of Atlanta, Georgia, who was convicted of wire fraud, was sentenced to 15 months in prison by U.S. District Judge Richard J. Arcara. The defendant was also ordered to pay $ 175,000 in restitution.
Assistant U.S. Attorney Russell T. Ippolito, Jr., who handled the case, stated that the defendant defrauded investors in an advance fee scheme, which resulted in $175,000 dollars in financial losses to a film production company, Applecreek Productions, located in England. Walker represented to the victim film production company that he could obtain a standby letter of credit from banks outside the United States. The defendant assured representatives of the company that he could monetize the stand by letter of credit which would provide the film production company with $100 million dollars in loans. As part of the scheme, Walker required the company to provide him with $175,000 which would purportedly cover the costs associated with the financial transaction. The film production company provided the funds but instead of using the money to obtain financing, the defendant, and his co-conspirators, used the funds for their own purposes.
Co-conspirators John Nielson, Robert Storey, Rhett Shepard, Nick Mussolini have also been convicted in this case.
The sentencing is the culmination of an investigation on the part of Special Agents of the Federal Bureau of Investigation, under the direction of Special Agent in Charge Adam S. Cohen.