General News

Musician jailed after bilking investors out of cash for non-existent Springsteen/Pearl Jam project

Jul 25, 2014 | 12:56pm EDT

A musician who conned investors into giving him hundreds of thousands of dollars to fund non-existent music projects with the likes of Bruce Springsteen and Pearl Jam has been sentenced to almost four years behind bars. A federal judge in Washington has convicted Kasey Anderson after he was found guilty of launching various bogus schemes that tricked investors into giving him $600,000 (GBP353,000). The projects included a benefit album for the incarcerated members of the West Memphis Three. In his sentencing on Tuesday (22Jul14), judge Ronald B. Leighton said, "You let down a lot of people." Anderson was also ordered to pay almost $600,000 in restitution. He previously told the court that he suffers from a mental illness and wrote a letter to the judge, telling him, "I convinced myself that it (behaviour) was normal."

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