Ohio man gets prison for stealing over $700K from investors

COLUMBUS, Ohio (AP) — An Ohio man who admitted to bilking investors out of more than $700,000 over a five-year period is heading to prison.

The Columbus Dispatch reports (http://bit.ly/2ayPOgF ) 63-year-old David DeMathews was sentenced Wednesday to nearly a dozen years behind bars. The Columbus man pleaded guilty in March to fraud and money laundering.

Prosecutors say DeMathews would befriend his targets, talk about his dying sister and borrow money to help pay her mortgage. They say he would eventually mention investments in projects including multi-million-dollar construction plans in Panama.

A judge says DeMathews is a “sociopath” who gained victims with charm and sob stories.

Prosecutors say he used the money on hunting trips and would also use the funds to pay toward $3.8 million he owed victims from a similar scam in California.


Information from: The Columbus Dispatch, http://www.dispatch.com