ARIZONA NEWS

Scottsdale man who hired Eagles with fraud proceeds sentenced to 8 years in prison

Feb 2, 2024, 2:00 PM | Updated: Feb 5, 2024, 6:15 am

stock image of somebody looking at a tax form that has "scam" written across it, next to a calculat...

David Allen Harbour of Scottsdale was sentenced to eight years in federal prison for wire fraud, money laundering and tax evasion on Jan. 30, 2024. (Pexels Photo)

(Pexels Photo)

PHOENIX — A Scottsdale man who hired the Eagles for a private show with money he scammed through an investment fraud scheme was sentenced Tuesday to eight years in federal prison, authorities said.

Prosecutors say David Allen Harbour, 50, got rich as a self-styled investment advisor between 2007 and 2021. He was prosecuted for misrepresenting the nature of the investments and omitting material facts, causing his victims to lose more than $8 million, according to the U.S. Attorney’s Office for District of Arizona.

Harbour also avoided paying more than $4 million in taxes.

He was convicted of wire fraud and transactional money laundering on March 2, 2023, and pleaded guilty to tax evasion five days later.

How did convicted Scottsdale fraudster spend ill-gotten money?

Harbour used the proceeds of his fraud to support a lavish lifestyle that included private jet travel, country club memberships and million-dollar speedboats, prosecutors said. He even hired classic rock legends the Eagles for his 40th birthday party.

The government was able to seize a Patek Philippe watch, a Rolex watch, gold and diamond jewelry and two country club memberships during its investigation. Proceeds from the items will go toward restitution for Harbour’s victims.

“The defendant will have eight years in federal prison to reflect on his long-term pattern of deception,” U.S. Attorney Gary Restaino said in a press release Friday. “Justice for the victims continues, as we work to determine the final amount of restitution, and to use the forfeited assets to restore some of the losses.”

When prosecutors announced Harbour’s conviction last year, investor losses were said to be $20 million. More information about the loss amount is expected to be provided during a restitution hearing in March.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Warning label on social media? Arizona experts respond to idea...

Serena O'Sullivan

How could a social media warning label impact Arizona children and teens?

The Surgeon General of the U.S. said on Monday he wants a warning label on social media apps because they hurt young people's mental health.

8 minutes ago

Two men are seen with stand-up paddle boards at Tempe Town Lake in this file photo. A search was la...

KTAR.com

Search effort at Tempe Town Lake becomes a recovery operation

Authorities launched a recovery operation Tuesday morning for a person who may have drowned at Tempe Town Lake.

1 hour ago

Vista of red rocks in Sedona. A Pennsylvania woman hiking with her husband and young daughters died...

KTAR.com

Pennsylvania mom hiking with family dies on Sedona trail

A Pennsylvania woman hiking with her husband and young daughters died on a trail in Sedona, authorities said Monday.

4 hours ago

A Phoenix man was indicted by a federal grand jury for illegal possession of a firearm under indict...

KTAR.com

20-year-old Phoenix man indicted for trafficking drugs, illegal firearm possession

A Phoenix man was indicted by a federal grand jury for illegal possessing a firearm under indictment and the intent to distribute fentanyl.

4 hours ago

A massive renovation of the Talking Stick Golf Club in Scottsdale is complete after more than 18 mo...

KTAR.com

Talking Stick Golf Club in Scottsdale completes renovation to 25-year-old facility

A massive renovation of the Talking Stick Golf Club in Scottsdale is complete after more than 18 months of construction.

4 hours ago

Exterior view of Expertec in Gilbert. Expertec, a Canadian vehicle upfitting company, established i...

KTAR.com

Canadian vehicle upfitting company acquires Gilbert business to establish 1st US location

Expertec, a Canadian vehicle upfitting company, recently acquired a Phoenix-area business to establish its first U.S. location.

4 hours ago

Sponsored Articles

...

Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

Scottsdale man who hired Eagles with fraud proceeds sentenced to 8 years in prison