A Bullitt County man is going back to prison for his role in a multimillion-dollar fraud scheme.
Stacy Allen Taylor was sentenced to nine years in federal prison for wire fraud and money laundering, among other charges.
Prosecutors said the 59-year-old Shepherdsville man ran an international investment scam with others, convincing more than 40 people to put money into a “private trading platform” that promised big returns.
Instead, investigators said the scheme took in more $23.6 million, costing some their entire investment.
Taylor previously served a three-year sentence in federal prison on fraud and drug charges for his role in an illegal online pharmacy.
Taylor pleaded guilty to all seven counts and was ordered to pay restitution.
Source: WAVE
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