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NYC man’s $100 000 Fine for Fraud

Fraud Alert:

A New York City man has been sentenced to 77 months in federal prison for wire fraud and money laundering.

Michael Todd Osborn, 46, sentenced last week in Denver by U.S. District Judge Christine M. Arguello, was ordered to pay a fine of $100,000 and restitution of $695,000 to duped investors, victims of his scheme.

Osborn, who pleaded guilty in February, was remanded by federal authorities after Thursday’s sentencing, according to a news release from the U.S. attorney office in Colorado.

Source: NYC man sentenced to federal prison for financial fraud – The Denver Post