Brandon Scott Menaged, 22, of Scottsdale, Arizona was sentenced on July 9, by Senior United States District Judge David G. Campbell to 33 months in prison and ordered to pay $751,000 in restitution after pleading guilty to wire fraud.
Between January 2023 and December 2024, Menaged defrauded multiple victims by soliciting their money for investments that did not exist, according to a press release from the United States Attorney’s Office, District of Arizona.
For example, Menaged misrepresented to victims the nature of the investments and referenced phantom investors to convince the victims to provide him with funding, according to the release…