Mo. man sentenced for $3.5 million fraud scheme
January 16, 2013
A federal judge sentenced 51-year-old Daniel Meredith, of Excelsior Springs, on Tuesday for promising his victims high profits on investments in a purported Bolivian land scheme and fake coffee house franchises.
His victims lived mostly in Missouri and Kansas. One lost millions of dollars and at least one other had to declare bankruptcy.
Federal prosecutors say Meredith claimed to have connections with former presidents Bill Clinton and George W. Bush and several other government officials.
Meredith spent the money at casinos, on horses and for an extravagant home.
Prosecutors say Meredith conducted the schemes between serving sentences for other cons.