Molokai man receives two-year sentence for wire fraud

David Buchanan, left, and his attorney
David Buchanan, left, and his attorney

A Molokai man who admitted to wire fraud has been sentenced to two years in a federal prison and three years of supervised release.

David Buchanan pleaded guilty in May. The Federal Bureau of Investigation said the 47-year-old lied to at least one Hawaii resident and took at least $40,000 from her.

Authorities said he then spent the stolen money on a girlfriend in the Philippines and a web-based video game.

As part of his sentence, Buchanan must also serve 100 hours of community service and pay $55,000 in restitution. His sentence is scheduled to begin September 29.

This was not Buchanan’s first scheme. He previously served a 57-month sentence for an earlier investment fraud scheme in which he stole $2.4 million from victims.

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