'Private Bank' Owner Convicted Of Fraud
KANSAS CITY, Mo., Sept. 16 (UPI) — A Missouri man found to have made $100 million from selling worthless financial documents was found guilty of 21 federal fraud charges.
Prosecutors said Denny Ray Hardin, 52, used his home computer to create 2,000 “bonded promissory notes” he claimed to have backed by a U.S. Treasury Department account and sold them for a fee at the “Private Bank of Denny Ray Hardin,” which he ran out of his Kansas City home, The Kansas City Star reported Thursday.
Hardin threatened creditors who refused to accept his notes with legal action, prosecutors said.
Hardin was convicted in U.S. District Court in of 11 counts of creating fictitious obligations and 10 counts of mail fraud. He faces up to 30 years in prison.
UPI - United Press International, Inc. Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.
Join the Discussion:
View Comments to “'Private Bank' Owner Convicted Of Fraud”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at email@example.com