A current Fairfield County resident formerly from New Haven County will spend years in prison for tax evasion and defrauding investors by using their funds to pay his personal expenses.New Canaan resident Brian Hughes, age 58, formerly of …
A current Fairfield County resident formerly from New Haven County will spend years in prison for tax evasion and defrauding investors by using their funds to pay his personal expenses.New Canaan resident Brian Hughes, age 58, formerly of …
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A Connecticut man has been indicted on 17 counts of allegedly defrauding investors of an alcoholic beverage company.
Brian Hughes, 56, of Madison, was indicted on Friday, Jan. 15, following his arrest, said John H. Durham, U.S. Attorney for the District of Connecticut.
The indictment alleges that in March 2015, Hughes founded Handcrafted Brands, for the purpose of raising money to purchase Salute American Vodka, an alcoholic beverage company.
After founding the company, Hughes allegedly solicited and received funds from investors for the purchase and development of Salute.
Hughes represented to investors that their investments would be used to purchase and operate Salute, that investors would be compensated with equity shares of HCB or Salute, and that Hughes would not take a salary from HCB, the indictment said.