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Missouri man sentenced for energy machine scheme

Tuesday, July 24, 2012 | 4:10 p.m. CDT

ST. LOUIS — A northern Missouri man has been sentenced to more than six years in prison and ordered to pay $2.7 million for a marketing scheme involving an energy-generating machine.

The U.S. Attorneys' Office said Tuesday that David Grammer claimed a fictitious device known as "Boydoplex" could generate energy. It says 84 investors sank over $3.3 million into the machine, which Grammer claimed was being developed in Hannibal and Evansville, Ind. When investors questioned delays, Grammer allegedly told them the laboratories had flooded or been destroyed by natural disasters.

The 55-year-old Macon resident pleaded guilty in April to two felony counts of mail fraud. He was sentenced Tuesday to 78 months in prison. The $2.7 million of restitution is the amount the U.S. Attorney said was traced to Grammer's bank accounts.


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Comments

Harold Sutton July 24, 2012 | 6:09 p.m.

Why do people fall for scams such as this??????

Just a few miles north of Hannibal MO is a stone with a bronze placque marking the location of "Chicago on the Mississippi"; Wheeler dealers on the East coast were conning people into buying building, business, and housing lots for the "Future Metropolis" of the midwest. And the bi-annual Mississippi floods would clear the land and provide new abandoned lots to be sold.

"Marion City", Chicago of the midwest. Look it up!

(Report Comment)
Corey Parks July 24, 2012 | 8:05 p.m.

A fool and their money are quickly parted. I can not see why you would throw a man in jail or fine him for making stuff up and people believing it. What ever happen to buyer beware?

The President sold a tall tell when he was running for election and millions gave him money and he has yet to deliver on the jobs. Should he be fined and jailed for such scams?

(Report Comment)
Harold Sutton July 24, 2012 | 8:51 p.m.

All should be treated equally. When lies or B S are spread, especially when done to enhance their position and power, punishment must be equal and appropiate for all.

(Report Comment)

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