An Arizona man who convinced a Logan County resident to invest $40,000 in a non-existent company pleaded guilty to telecommunications fraud on Wednesday.
Christopher O. Hodge, 35, of Scottsdale, Ariz., agreed to repay the victim, Brian Henry, $10,000 prior to his sentencing.
The defendant denies misspending the other $30,000.
Investigators with the Ohio Department of Commerce’s Division of Securities looked into the November 2011 transaction between the defendant and the victim and turned the case over to the Logan County Prosecutor’s Office upon wrapping up their probe.
An October grand jury charged the defendant with false representations for the purpose of selling securities and engaging in fraudulent activity in the selling of securities, second-degree felonies; telecommunications fraud, a third-degree felony; and grand theft, a fourth-degree felony.
For his plea, prosecutors dropped the second-degree and fourth-degree felonies.
Assistant Prosecutor Dan Houston noted the company, Intellicore Systems, has never been registered as a company in Ohio or Arizona.
He has a prior conviction for non-support of children in Franklin County.
He will be sentenced at 11 a.m. May 30.