Prosecutors say that in 2009, the defendant was convicted of wire fraud for defrauding two victims out of nearly $3,000,000 and sentenced to 48 months in prison. Logel told the victims that he invested their money in various businesses when he fact he used the funds for his own use.
According to the complaint, within months of being released from prison, Logel began to devise his next scheme. The scheme involved the alleged production, distribution, and sale of two skin and healthcare products: Nano Hydro Mist and Hot Ginger Muscle Rub. During the course of the scheme, the defendant made false representations regarding his ability to distribute and market these products. As a result, victims transferred funds to Logel which they believed would be used to ready the products for distribution and sale. The defendant did not, however, use the victims’ money as promised. Rather, Logel used the vast majority of the funds for his personal use, including to pay personal expenses.
Logel appeared at a detention hearing this afternoon before U.S. Magistrate Judge Jeremiah J. McCarthy and was released on conditions.
The criminal complaint is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Adam S. Cohen, and the Internal Revenue Service, Criminal Investigation Division, under the direction of Acting Special Agent-in-Charge Kathy A. Enstrom.
from US Dept. of Justice via IFTTT
