BANGOR — A 50-year-old Stockton Springs man faces up to 20 years in prison after being convicted of defrauding investors for a second time in four years.
A jury in U.S. District Court in Bangor found Todd Denson guilty Wednesday of 13 counts of wire fraud.
According to the Bangor Daily News, prosecutors alleged that Denson failed to pay investors back after persuading them to loan him money so he could gain access to millions of dollars he said he had in foreign bank accounts.
Denson spent 14 months in prison after pleading guilty to mail and wire fraud in 2007. He admitted taking $80,000 from victims and wiring the money overseas in hopes of getting millions in return in what turned out to be an e-mail scam.
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