A Vancouver musician and record producer was sentenced Tuesday to nearly four years in prison for luring investors to phony music projects in a series of wire fraud schemes.
Kasey Anderson, 34, also will be required to pay $594,636 in restitution. He was sentenced in federal court in Tacoma.
“The offense is a serious one; you let down a lot of people,” U.S. District Judge Ronald Leighton said during the hearing, according to a press release.
Anderson pleaded guilty in August to defrauding investors who believe they were investing in legitimate albums and concerts.
Between 2009 and 2011, he solicited more than $500,000 in investments for a number of projects, including a compilation album and concert series featuring Bruce Springsteen, Pearl Jam and R.E.M.
He told investors that part of the proceeds from the compilation album would be contributed to a legal defense fund for the “West Memphis Three,” three men convicted of murder in Arkansas in 1994.
The case was investigated by the FBI and prosecuted by Assistant U.S. Attorney Andrew Friedman and former Assistant U.S. Attorney Thomas Bates.