Arizona men found guilty over fraudulent investment scheme

By: Greg Barr, Phoenix Business Journal Posted at 8:38 AM, Jul 25, 2022 Two Arizona men will be sentenced in September after a federal jury found t...

July 25, 2022
9:08 PM

By: Greg Barr, Phoenix Business Journal Posted at 8:38 AM, Jul 25, 2022 Two Arizona men will be sentenced in September after a federal jury found them guilty on multiple counts of securities fraud related to a religious charitable organization that lured investors on the promise of big returns.Jeffrey McHatton, 68, of Chandler, and Robert Sproat, 60, of Mesa were found guilty on 10 counts of securities fraud in the U.S. District Court trial in Tucson that ended on July 15. The case was tried before U.

Greg Barr