INDIANAPOLIS–A man from Clarksville has been charged with more than 20 counts of wire fraud and one count of money laundering for scamming investors, say police.
U.S. Attorney Josh Minkler says the actions of Anthony T. Leonard, 53, cost investors over $1 million.
“The false and fraudulent misrepresentations and promises Leonard made to unsuspecting investors is shameful,” said Minkler. “His lies and deceit caused a lot of pain and mistrust to the victims while he enriched himself with luxury. His fraud has come to an end and the victims can begin healing from this fraudster’s pain.”
Minkler says Leonard developed a software product called nurseVersity, which was designed to assist nursing students in passing their nursing board exams.
From 2013 to 2019, police say Leonard made numerous false or fraudulent pretenses, representations, or promises pertaining to the “financials of the companies, customer information, and ownership interests.”
Leonard is also accused of misrepresenting his qualifications, education, medical history, personnel issues, and providing many other “false and fictitious reasons for needing money.”
Minkler says investors paid Leonard over $1 million for ownership interests and other rights to these “sham companies.” Instead, Minkler says Leonard used that money for “personal enrichment,” such as buying property in New Albany with a lake and buildings. Police also say Leonard spent money on expensive dinners, trips, and other unrelated business expenses.
“Today’s (Wednesday’s) announcement is a direct result of the extraordinary cooperation and partnership among law enforcement agencies at all levels,” said Eric Reed, Special Agent in Charge, United States Secret Service Indianapolis Field Office. “The defendant abused his position of trust for his own personal benefit by deliberately stealing millions of dollars from unsuspecting investors. This case represents the core of the Secret Service’s commitment to protecting the United States financial infrastructure and is a testament to the strong partnerships between the U.S. Attorney’s Office, U.S. Postal Inspection Service, and the Indiana Secretary of State.”
In total, Leonard is facing 22 counts of wire fraud and the money laundering charge. He could face up to 20 years if convicted.