British citizen James Moore, 60, was sentenced on 1 February to 140 months in prison for helping design and operate a scheme to defraud more than 800 investors of more than $57m by making false and fraudulent representations about, among other things, the management, profitability, and operations of a co-working space company called Bar Works Inc. and related entities (Bar Works).
In addition to the prison term, Moore was sentenced to three years of supervised release and also ordered to pay restitution of $57,579,790.00, forfeiture of $1,599,257.46, and a fine of $50,000, said Damian Williams, the United States Attorney for the Southern District of New York in a statement on the case.
On June 7, 2019, Moore was found guilty of wire fraud and conspiracy to commit wire fraud following a week-long jury trial before United States District Judge Richard M. Berman, who also imposed today’s sentence.
James Moore partnered with notorious fraudster Renwick Haddow to design a massive Ponzi scheme that lured hundreds of unsuspecting investors from around the world, and from which Moore and affiliated companies siphoned 65 percent of each of their recruited victims’ investments.”
US Attorney Damian Williams said: “James Moore partnered with notorious fraudster Renwick Haddow to design a massive Ponzi scheme that lured hundreds of unsuspecting investors from around the world, and from which Moore and affiliated companies siphoned 65 percent of each of their recruited…
