Alleged scam artist held without bail

By Judy Harrison, BDN Staff
Posted April 30, 2010, at 12:38 p.m.

BANGOR, Maine — A Stockton Springs man who has spent more than a year in federal prison for soliciting funds to invest in an international scam was back in U.S. District Court on Friday facing similar charges.

Todd Denson, 50, has been charged with one count of wire fraud. He allegedly was asking people for money that he then sent overseas. Denson allegedly told people that he need money to access millions he had in foreign bank accounts.

U.S. District Judge Margaret Kravchuk ordered Friday that he be held without bail pending the resolution of the new charge.

Denson appears to be a victim of a well-known monetary fraud as well as someone who tried to swindle money from people in Hancock, Waldo and Knox counties, according to court documents.

He was sentenced on June 7, 2007, in federal court in Portland to 18 months in federal prison after pleading guilty to seven counts of mail and fraud. Denson admitted to bilking several Cumberland County residents out of more than $50,000.

At his 2007 sentencing, U.S. District Judge George Singal ordered Denson to serve three years of supervised release and to pay restitution of $58,600. That money has not been repaid, according to testimony presented at Friday’s hearing. printed on March 28, 2017