Casey Alexander – Whisky Investment Scammer Sentenced
According to a new report on the Spirit Business, a British citizen has been found guilty of defrauding elderly Americans. Casey Alexander pleaded guilty to wire fraud via a whisky investment scheme robbing over $13 million.
The report highlighted that the scheme has been running for several years with the FBI catching on in 2020. “He was rumbled in 2020 when the son of one of his victims, who was 89 at the time. He notified the Highland Heights Police Department in Ohio. Claiming that his father had been defrauded out of US$300,000 over an 18-month period.”
A voice-over master, Casey made cold calls to his elderly victims, mostly from the USA. Charismatic was able to defraud his prey of large sums of money. Using different tactics, he promised huge returns on cask investment projects which never materialized.
Casey Alexander Entered a Guilty Plea
After a profound investigation, the US authorities discovered that Alexander was a monster who scammed over 150 people.
“During the FBI’s subsequent investigations, it was revealed that Alexander had actually scammed more than 150 individuals. Who, collectively, invested in excess of US$13 million into his scheme. Some reports have suggested that Alexander used his accent to charm his victims into giving him their money.
“He also met at least one of them in person, talking them into investing in a whisky cask. Though it is understood that US$100,000 cheque was canceled just in time after the FBI notified the budding investor.”
Following the investigations, the FBI arrested Casey Alexander in June 2022, and was released on a bail bond of $50,000. During his trial this week, the District Attorney’s office revealed the process of the scam used by a group led by Casey.
The US Attorney’s Office, Northern District of Ohio, said: “They used aggressive and deceptive tactics and promised large returns if the victims participated in wine and whiskey investments. They told victims that they could buy a portfolio of fine wines and whiskeys on their behalf, and then hold the purchase in a bonded warehouse located in Europe until sold for a profit.”
“Alexander and his team were able to convince the victims across the country to wire funds or make checks out to one or more suspect companies to participate in the investment opportunities,” the statement continued. “After the initial investments were made, victims were encouraged, and eventually convinced, to continue investing to secure larger returns.”
The US District Judge, Solomon Oliver, sentenced Casey Alexander to three years of probation and ordered him to pay restitution to his victims for his role in the scam.