KANSAS CITY, Mo. — A Kansas City, Missouri, man will serve three years in federal prison for his role in a fraudulent investment scheme that bilked investors out of $4 million.
U.S. District Judge Roseann Ketchmark sentenced Brian Hudnall, 44, Thursday, after Hudnall pleaded guilty to the scheme in June 2020.
Hudnall’s brother, Phillip Hudnall, had also previously pleaded guilty in a separate but related case.
In 2019, federal prosecutors say the brothers owned and operated two businesses that they presented to high net-worth people as investment opportunities, promising 20 to 30 percent returns in less than a year.
The federal government is seeking restitution to be paid to the victims of the fraud scheme, though an exact amount is still being determined.
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