United States Attorney Dennis R. Holmes announced that Nathan Peachey, age 51, of Pennsylvania, convicted for his role in fraud, money laundering, and obstruction of justice conspiracies, was sentenced on Monday, February 14, 2022, by U.S. District Judge Karen E. Schreier.
Nathan Peachey was sentenced to 300 months in custody, followed by three years of supervised release, nearly $11 million in restitution, and forfeiture of a residence in Norway, a luxury vehicle, approximately $4 million in silver coins, and a laptop. He was also ordered to pay $1,200 to the Federal Crime Victims Fund.
“Mr. Nathan Peachey was sentenced to 25 years in federal prison for preying on innocent victims. Peachey, along with his co-conspirators, ran a sophisticated scheme that robbed victims of their life savings, retirement income and other funds, for the sole purpose of enriching himself and his friends,” said IRS Criminal Investigation Special Agent in Charge Tyler Hatcher. “The evidence shown during trial demonstrates that IRS Criminal Investigation special agents partnered with the FBI and the Department of Justice, are the best in the world at tracing ill-gotten funds to anywhere criminals spend or hide them. We will never give up on our relentless pursuit of justice.”
“The defendant’s fraud was built on nothing but empty promises to the victims that they were helping humanity, but in reality he was only helping himself with a new home, silver, and a luxury car in…
