A district court judge sentenced Christopher Michael Nezer to 51 months in prison Tuesday for drawing false representations around a company called Stencilco.
Nezer, 50, of Nashville, pleaded guilty to wire fraud last September after he accepted $207,000 from about 20 people who bought from him sales territories across the country to distribute a reusable stencil product he claimed to have invented, according to U.S. Attorney Jerry Martin’s office.
As part of his scheme, Nezer misrepresented a variety of conditions to convince the investors to buy into his business, such as existing affiliations with well-known corporations Kodak, Disney and Nike as well as the structure, workforce and income of Stencilco.
The investors, not stencils, actually provided nearly all of the income of Stencilco. The stencil company shut down in 2002, after which Nezer also opened and bankrupted a car restoration business, according to the U.S. attorney.
Nezer requested a one-year sentence, but Chief District Judge Todd Campbell rejected it based on the amount of money lost by the victims and Nezer’s prior convictions for stealing, passing worthless checks and operating an illegal gambling house.
Campbell also ordered Nezer to serve three years of probation after prison and attempt to pay restitution to his victims.