Molloy sentences 2 for role in Hamilton man's investment scheme

2012-12-26T06:30:00Z 2012-12-26T06:37:27Z Molloy sentences 2 for role in Hamilton man's investment schemeBy GWEN FLORIO of the Missoulian missoulian.com
December 26, 2012 6:30 am  • 

A federal judge in Missoula has sentenced two California residents to prison for promoting phony high-yield investments, and ordered them to pay hefty amounts of restitution.

Shanna Krista Raymond, 37, of Oakland and Brian Douglas Gill, 55, of San Pedro each was charged with investment fraud and money laundering.

U.S. District Judge Donald Molloy sentenced Raymond to two years in prison and $1.5 million in restitution. He sentenced Gill to 18 months in prison and $570,000 in restitution. Each must spend three years’ supervised release upon completion of their prison terms.

The two agreed in writing to promote alleged short-term, high-yield investments made by Dan Two Feathers of Hamilton, according to court documents.

Raymond received investments totaling $900,000 from seven people, and sent $500,000 to Two Feathers, according to the documents.

She used the rest for unspecified other purposes. Meanwhile, the seven people never got their principal back or saw a return on the investments, the documents said.

Gill received a total of $400,000 in investor funds, according to the documents, and used $300,000 of that “for other purposes, including his personal expenses.” He also spent some of the money on his son’s automobile business, the government said.

None of the six people who sent him money got their principal back, or saw a return on their investments.

In some cases, the government argued, investors lost their entire life savings.

Two Feathers – who among other things represented himself as an international financial trader with Wachovia Bank – pleaded guilty in March to conspiracy to commit investment fraud, investment fraud, receipt of stolen property in interstate commerce, and money laundering. He was sentenced to six years in prison

In 1999, when his legal name was Dan Latham, he was sentenced to nearly 3 1/2 years in prison and ordered to pay $5.1 million in restitution for investment fraud in New York.

He later changed his legal name to Dan Two Feathers and, for a time, operated the Ohaot Spiritual Medicine Society in Hamilton that offered “shamanistic magick” and invited people to learn about “the mystical aspects of life … the sensual aspects of life.”

Reporter Gwen Florio can be reached at 523-5268, gwen.florio@missoulian.com or @CopsAndCourts.

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