Montana Public Radio

Whitefish Broker Convicted In Multi-Million-Dollar Scheme

Feb 5, 2020

A Whitefish broker was convicted in federal court Tuesday for his role in a multi-million-dollar scheme involving a fake Swiss investment company. A federal jury found Sean Finn guilty on multiple counts of wire and securities fraud.

Finn participated in a scheme encouraging investors to make up-front payments to a Swiss company called Malom, according to federal prosecutors and authorities with the U.S. Department of Justice and the FBI. The scheme presented fake bank statements and other documents to convince people, and promised payment would gain investors access to non-existent investment opportunities.

Authorities said those payments ranged from $100,000 to $1 million, and that Finn and others stole up to $4 million from would-be investors.

Finn was initially indicted in 2013, but fled to Canada where he was arrested in 2014. He was extradited back to the U.S. for trial in 2018, and was convicted in Nevada’s U.S. District Court.

Finn is the fourth defendant to be convicted or plead guilty in the case, with two defendants still at large. Finn is due to be sentenced in May.