Molokai man accused of investment scheme - Hawaii News Now - KGMB and KHNL

Molokai man accused of investment scheme

Posted: Updated:

HONOLULU (AP) - FBI officials say a Molokai man is accused of scamming a woman out of $45,000 in an investment scheme, promising guaranteed returns.

A lawyer for 47-year-old David Buchanan declined comment on Thursday.

A charging document in federal court says Buchanan represented himself as a financial manager, but instead of investing funds he spent them on personal travel, an online video game and an online girlfriend in the Philippines.

Prosecutors accused Buchanan of delaying the victim from reporting the abuse by emailing false claims that her investment money was on its way.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.