Logan man senteced for stealing $350,000 through fraudulent horseracing venture

A Logan man was sentenced to prison Monday, after stealing thousands of dollars from four investors 

Jonathan Pippin,29, was sentenced to 21 months in prison and ordered to pay $358,370 in restitution as a result of a fraudulent horse racing venture. 

Pippin created a horse purchasing company in 2011, that was supposedly headquartered in Cleveland.

Pippin solicited the help of multiple investors under false pretenses to aid his company. 

Investors were told they would receive a percentage of winnings from the horses and he knew they would not. 

He also had sole access to all of the company's bank accounts according to police. 

According to authorities, Pippin used to the money to buy expensive clothing, cars, and to gamble. 

 


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