PORTLAND, Ore.—Bryan Scott Gunn, 45, of Victorville, California, was sentenced today to 63 months in federal prison and three years’ supervised release for orchestrating a fraud scheme that netted more than $344,000 from unknowing victims while he was on federal supervised release.
According to court documents, less than two weeks after completing a 22-month federal prison sentence for a similar fraud scheme, Gunn registered a new fictitious company called Legacy Funding Group. According to a website Gunn created, Legacy Funding Group was a financing company “with access to many private banking institutions and other professional relationships” that “specialized in structured asset based financing and equipment leasing.”
Gunn went to great lengths to make Legacy Funding Group appear legitimate, opening corresponding bank accounts, registering email addresses, falsely claiming to lease high-end commercial office space, and attempting to disassociate his true identity from the company. His scheme worked. In a matter of months, Gunn had successfully cheated 11 clients out of more than $344,000. Gunn convinced his victims, many of whom were in agriculture or agriculture-related industries, to pay him various upfront costs in order to obtain promised financing or loans.
Once he received his clients’ money, Gunn moved it between several bank accounts using cash, cashier’s checks, and temporary checks. His cash withdrawals alone exceeded $100,000. When his clients complained about the lack of financing and demanded their money be returned, Gunn referred them via email to a fictitious legal department. In the end, Gunn did not obtain any financing or loans for his clients and diverted all of their money to personal use.
During sentencing, U.S. District Court Judge Michael W. Mosman ordered Gunn to pay $363,453 in restitution to his victims.
On February 24, 2020, Gunn pleaded guilty to one count each of wire fraud and money laundering.
The case was investigated by IRS-Criminal Investigation and prosecuted by Scott E. Bradford, Assistant U.S. Attorney for the District of Oregon.
The year 2020 marks the 150th anniversary of the Department of Justice. Learn more about the history of our agency at www.Justice.gov/Celebrating150Years.