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Barry Sparks Sent

Barry Sparks Sent

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Published by rcizio
Allen Park man sentenced in federal fraud
Allen Park man sentenced in federal fraud

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Categories:Types, Letters
Published by: rcizio on Oct 05, 2011
Copyright:Attribution Non-commercial

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10/05/2011

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United States Attorney’s OfficeEastern District of MichiganBarbara L. McQuadeUnited States Attorney
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Gina Balaya
-
(313) 226-9758
October 5, 2011
www.justice.gov/usao/mie/index.html 
Yolanda Pearson - IRS (313) 234-2442ALLEN PARK MAN SENTENCED FOR DEFRAUDING INVESTORS
Barry Sparks, 53, of Allen Park, Michigan, was sentenced today for federal fraudoffenses, announced United States Attorney Barbara L. McQuade. In March 2011,Sparks pled guilty to wire fraud and money laundering.McQuade was joined in the announcement by Erick Martinez, Special Agent inCharge, Internal Revenue Service, Criminal Investigation, and FBI Special Agent inCharge Andrew Arena.United States District Court Judge Denise Page Hood sentenced Barry Sparksto 8 years’ imprisonment to be followed by 3 years of supervised release. In addition tothe prison sentence, Sparks was ordered to pay over $1.3 million in restitution and aspecial assessment of $200.According to court records, during 2006 through 2009, Barry Sparks made falserepresentations to his nephew, Stephen Sparks about certain investment opportunities.Based on those false representations, Stephen Sparks solicited over $1 million fromfamily, friends and fellow church members as investors. Grounded upon Barry Sparkspromises, Stephen Sparks told these investors that his business, Global Points, couldpurchase a warehouse full of Chinese electronic equipment and sell it in the UnitedStates at a substantial profit, returning over five times the amount invested. StephenSparks also represented that Global Point was positioned for a second deal to acquirean assortment of CD and DVD players that had been seized in Chicago, Illinois, andwere being sold for the payment of back taxes. Again relying on Barry Sparks’representations, Stephen Sparks indicated that there would be a quick turn around and
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