WKYT | Lexington, Kentucky | News

Man sentenced in Cincinnati Grand Prix scheme

MGN Online

MGN Online

CINCINNATI (AP) - A man who told investors and Cincinnati leaders he could bring a Grand Prix auto race to the city has been sentenced to more than two years in prison and ordered to pay more than $350,000 in restitution.

Financial adviser Curtis Boggs was sentenced Wednesday in federal court in Cincinnati on charges of wire fraud and money laundering.

Authorities say the 54-year-old Boggs fled Cincinnati months ago after it became apparent the race wasn't going to happen. The FBI arrested him last October, when he tried to re-enter the United States from Mexico.

Prosecutors say Boggs solicited investments in a company called Cincinnati Grand Prix and obtained more than $350,000.

Authorities say he used some of the money to buy a luxury car and make mortgage and property tax payments.

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