A federal judge sentenced a California man to 3 1/2 years in prison on Tuesday for defrauding South Jersey residents using a bogus investment scheme, prosecutors in New Jersey announced.
Christopher Glynn, 59, of Burbank, pleaded guilty last year in Camden federal court to one count each of wire fraud and money laundering.
To hook his victims, Glynn maintained a variety of corporate identities, including U.S. Grant Distribution Group, PG Philanthropic Initiative and Perrarus Global Philanthropic Initiative, and claimed he was affiliated with an international trust funded with billions of dollars, according to the U.S. Attorney for the District of New Jersey.
He approached two victims in Vineland with an opportunity to “invest hundreds of thousands of dollars in a business development loan,” prosecutors said, and claimed the loan would be used for costs related to an animal welfare charitable foundation and shelter he was helping the victims establish.
Glynn claimed the international trust would guarantee their loan and that the loan would generate returns for the victims, which could be used to support the animal welfare efforts.
To convince them his proposal was legitimate, Glynn arranged conferences calls with supposed representatives from the National Security Agency, Department of Homeland Security and FBI. These were actually his associates in the scheme.
Glynn convinced his victims to wire funds to various bank accounts he controlled and to open credit cards in the…
