Colorado man facing 30-year sentence after guilty plea in investment fraud scheme

Description

A Colorado native has pleaded guilty to operating a multi-million-dollar investment fraud scheme. In addition, the man has also pleaded guilty to a years-long scheme to defraud the United States Internal Revenue Service (IRS) of taxes linked to the fraudulent investment scheme. According to court documents, the suspect, Timothy McPhee of Estes Park, was accused of conspiring to defraud the United States and tax evasion linked to his promotion and use of an illegal tax shelter. The court document...