A Columbus man who pleaded guilty to bilking investors out of more than 700 thousand dollars over a five-year period will serve nearly 12 years in prison. 63-year-old David DeMathews was sentenced Wednesday on fraud and money laundering charges. Prosecutors say DeMathews would befriend his targets, talk about his dying sister and borrow money to help pay her mortgage. They say he would eventually mention investments. Prosecutors say he used the money on hunting trips and to pay down a 3.8 million dollar debt he owed victims of a similar scam in California.
Columbus Man Sentenced For Defrauding His Investors
