A Chandler man with both fraud and murder in his legal rearview will spend a substantial chunk of the foreseeable future behind bars. Anthonie Ruinard, Jr., 40, received a sentence of 87 months in federal prison for his role in a $5.6 million investment fraud scheme. The sentencing was handed down on Nov. 17 by U.S. District Judge Susan M. Brnovich, with Ruinard also ordered to pay $4,508,057 in restitution to the victims he defrauded. After his release, Ruinard will be under supervised release for an additional three years, as reported by the Business Journal.
According to court documents, Ruinard’s lavish expenditures included $344,000 spent on a 2017 Terradyne Gurkha armored vehicle. While soliciting funds from investors for what was ostensibly a business called “Legacy Investors Group Inc.,” he was, in fact, engaging in a fraudulent enterprise. Promising returns through investments in venture capital, private equity, and real estate, Ruinard reportedly managed to deceive 54 victims, as per information obtained by AZFamily.
The man didn’t only defraud investors with false promises and occasional payouts. Ruinard was under scrutiny for even darker deeds. He awaits trial for the murder of Parker League, an 18-year-old from Nebraska who was found brutally slain in Arizona. The young teen’s dismembered and burned remains were discovered in a burn pit near Apache Junction, according to details shared by AZFamily. The heinous crime took place in 2023, shortly after League had graduated from high school and came to visit friends in Arizona…