U.S. v. Corrigan

Record contained sufficient evidence to support defendant’s conviction on four counts of wire fraud stemming from scheme in which defendant obtained money from two investors by making false statement that plaintiff’s company needed additional funds to pay for healthcare insurance premiums for employees, where defendant ultimately used investors' funds for personal expenses. Instant indictment properly alleged wire fraud offense, and testimony from investors, as well as defendant’s email correspondence that misled investors with respect to purpose of said funds and financial records indicating that defendant spent funds on unrelated personal expenses established all three elements of wire fraud offense. Also, Dist. Ct. did not err in ordering restitution of full $110,000 that defendant had received from investors, even though defendant argued that restitution should have been reduced by 50 percent since half of investors’ funds were properly spent on business expenses, where defendant failed to produce evidence to support claim of some lesser amount of restitution.