A Winter Park, Florida man, Justin Spearman, was sentenced to 27 months in prison for a ponzi scheme based on fake oil investments. In 2015, he was indicted on one count of wire fraud and three counts of identity theft. He was charged with trying to sell royalties on oil wells that he didn’t own, to a businessman in Texas. Spearman allegedly forged emails and documents, and used a prominent oil company’s name, ripping off one customer to the tune of $3 million. He then traveled to different places, trying to reinvent himself to escape the law. He used investor money to fund his lavish lifestyle and to buy numerous luxury automobiles, including a BMW, a Bentley, a Porsche and a Range Rover.
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