A Madison man convicted of conspiracy to possess and pass counterfeit securities, wire fraud and aggravated identity theft, was sentenced Friday to seven years and 10 months in prison, U.S. Attorney Stephen Wigginton announced.
Gordon D. Caldwell, 46, pleaded guilty to the charges on March 15. During his plea, Caldwell admitted that from April 2011 to August 2012 he had conspired with others to use counterfeit cashier's checks of financial institutions to defraud individuals in both Illinois and Missouri who had listed their vehicles for sale in various media sources.
Caldwell admitted that he would go to the seller's home or other location where a vehicle was held for sale, and while using false identification, he would give a counterfeit cashier's check to the seller. Caldwell also admitted that on two occasions, he used the fraudulently obtained vehicle titles to take out vehicle loans.
In addition to prison time, Caldwell was ordered to pay restitution in the amount of $87,900.