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Former New Canaan Man To Serve 33 Months In Prison, Pay $900,000 Restitution for Wire Fraud
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Federal officials on Wednesday sentenced a former New Canaan resident, who pleaded guilty earlier this year to one count of wire fraud, to nearly three years in prison. John B. Jeffrey, known as ‘Tucker’ Jeffrey, defrauded investors of more than $1.3 million, according to a press release from the U.S. Department of Justice. He faces 33 months imprisonment followed by three years of supervised release. Jeffrey, now of Denver, had encouraged people to invest in what he described as two cargo shipping companies based in the Marshall Islands with “long-term contracts that would support a profitable international shipping business,” the press release said. The companies were “entirely fictitious,” it said.