United States of America v. Stacy Allen Taylor

Louisivlle, Kentucky, criminal defense lawyer represented the Defendant charged with conspiracy to commit wire fraud in violation of 18 U.S.C. 1343.

Reported by: Kent Morlan

Stacy Allen Taylor, 59, of Shepherdsville, conspired with others in an international wire fraud scheme to defraud more than forty victims out of over $23.6 million. Victims believed they were investing money into a private trading platform that would provide significant returns on their investments. Most victims lost their entire investment to the scheme.

Taylor was previously convicted in the Western District of Kentucky and served a three-year sentence for federal fraud and drug crimes related to his role in an illegal online pharmacy.

In this case, Taylor entered guilty pleas to the seven counts in his indictment, including charges for wire fraud, wire fraud conspiracy, and carrying out transactions over $10,000 with criminal proceeds. Taylor has been ordered to pay restitution to victims of his fraud scheme.

The Defendant was found guilty and was sentenced to 9 years in prison.