A Utah man was sentenced Wednesday to 36 months’ imprisonment by U.S. District Court Judge David Barlow for his involvement in a years-long moneymaking scheme that misled banks and deceived consumers.
Phillip Gannuscia, 55, of Salt Lake City, pleaded guilty on April 9, 2025, to conspiracy to commit money laundering. In addition to his prison term, the court ordered Gannuscia to 24 months of supervised release and the forfeiture of his Porsche 911 convertible that was traceable to the scheme, according to a news release from the the U.S. Attorney’s Office, District of Utah.
Gannuscia is the last of nine defendants accused of playing a role in a $100 million scam involving the sale of nutritional and dietary supplements – a scheme that involved straw buyers, fake storefronts, thousands of transactions and hundreds of companies – all set up to deceive consumers and bilk millions from payment processing centers…