A Huntley man was sentenced Monday to 45 months in federal prison for wire fraud in a scheme that bilked at least 25 victims out of over $1 million. Frank L. Beaudette, 61, had pleaded guilty six months ago to obtaining loans to finance highly profitable sales of either computer equipment or airplanes. Beaudette admitted both the computers and planes were non-existent.
In his plea agreement, Beaudette described a simple con. From 1995 until last year, he said, he usually attempted to make friends with his victims, then, persuaded them to lend him money for the imaginary sales promising high interest rates. It worked so well, some of Beaudette's marks fell for the gag twice, according to prosecutors.
Besides the prison sentence, which doesn't allow parole, Judge Frederick J. Kapala also ordered Beaudette to pay back all the money he obtained in the scheme although Beaudette said he used it for living expenses.
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