East Liverpool man sentenced for investment scam - WFMJ.com News weather sports for Youngstown-Warren Ohio

East Liverpool man sentenced for investment scam

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An East Liverpool man has been sentenced to five years' probation for defrauding investors out of $78,000.

Daniel P. Lucas, 50, of East Liverpool, Ohio, was sentenced Tuesday in U.S. District Court on one count  of wire fraud.

Prosecutors say that Lucas, posing as a successful currency  trader, obtained the $78,000 from three investors.

Government investigators say Lucas spent more than $49,000 of that money for personal use. No profits were earned for the investors, incurring more than $28,000 in currency trading loses.

As part of his punishment, Lucas must also spend four months in a community confinement center which will be followed by four months on home confinement.

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