Man Pleads Guilty to $200,000 Fraud Scheme

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    A Connecticut man pleaded guilty today to a $200,000 investment fraud scheme, the U.S. State Attorney's office said.

    Jonathon Garcia, 24, formerly of Middletown, was arrested and charged with wire fraud after falsely telling friends and acquaintances he was developing a website and iPhone app. He asked for investments and loans to supposedly help jump start the venture, the State Attorney's office said.

    As part of the scam, Garcia created fake documents including checks, bank accounts statements and a letter on what looked like the letterhead of a prominent Connecticut hedge fund management company, according to the State Attorney's office.

    Garcia has been held since his arrest on March 18 and is scheduled to be sentenced Sept. 10.