Overview

• Chief U.S. District Judge Philip A. Brimmer also imposed three years of supervised release, $1,231,230.14 in restitution, and a $150,000 fine.
• Ian Gregory Bell pleaded guilty in May to one count each of wire fraud and money laundering under a plea agreement.
• Prosecutors said he misrepresented his credentials, touted no-risk investments, and sent fabricated account statements to about 30 investors from 2020 to 2022.
• Investigators said client funds paid for vacations, jewelry, expensive meals, and his fiancée’s credit card bills, with some victims reported to be professional athletes.
• The case was investigated by the U.S. Postal Inspection Service and IRS–Criminal Investigation, and the court ordered Bell to report to prison within 15 days.