Scottsdale man sentenced to 30 years for $18 million fraud scheme

PHOENIX – A Scottsdale man was sentenced to more than 30 years in federal prison for his role in an $18 million investment fraud scheme.

James Jeffrey Hinkeldey, 66, was convicted earlier this year of conspiracy, wire and mail fraud, money laundering and aggravated identity theft charges, according to a press release sent Wednesday by the Office of the United States Attorney.

Last week, a U.S. District Court judge handed out the sentence of 30 years and five months.

“Through fraud, this defendant stole the life savings from members of our community, many of whom were close to retirement; his lengthy prison sentence is well-deserved,” Elizabeth A. Strange of the U.S. Attorney’s Office for the District of Arizona said in the release.

Hinkeldey was prosecuted for fraudulently soliciting millions of dollars from 225 victims for a variety bogus investments, including land development in Mexico, recycling companies in Las Vegas and Chicago and real estate in Phoenix.

Last month, Hinkeldey’s partner, Jason Mogler of Phoenix, was sentenced to more 24 years in federal prison his role in the fraud.

Both men also were ordered to pay restitution to their victims.

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