A man from Denver has been given a five-year prison sentence for his involvement in a telemarketing scam that defrauded victims of $300 million.

In recent news, a man by the name of Henry Aragon, also known as the "Golden man," has been handed a five-year sentence in federal prison for orchestrating a massive telemarketing scam. This scheme, which involved fake magazine subscriptions, has been estimated to have racked up a whopping $300 million in fraudulent profits.

Aragon, who is 54 years old, pleaded guilty to charges of conspiracy to commit mail and wire fraud, as well as tax evasion, back in July of 2022. According to federal prosecutors and court records, this elaborate scam targeted over 150,000 individuals, including older adults and other vulnerable populations who are more susceptible to fraud.

It has been revealed that Aragon, along with his co-defendants, ran numerous fake magazine sales companies all across the United States and Canada. Through these deceptive businesses, they were able to trick victims into making large and ongoing payments for magazines that they believed they were receiving a discount on. However, it was later discovered that these companies had no actual connection to the magazines they were offering.

Despite this lack of legitimacy, Aragon and his accomplices were able to dupe unsuspecting individuals into paying over $19 million in total. Some victims even found themselves burdened with multiple fraudulent subscriptions at once. On top of all this, Aragon also managed to evade paying taxes on the profits he made from this scam.

As a result, Tom Demeo from the IRS Criminal Investigation Denver Field Office expressed his disappointment in Aragon's actions, stating that by evading his tax responsibility, he had unfairly shifted the burden onto honest taxpayers who rely on their contributions to fund essential services like education and infrastructure.

In addition to serving his time in federal prison, Aragon will also be subjected to two years of supervised release. Furthermore, he has been ordered to pay back a staggering $19,051,667 to his victims and $1,490,011 to the IRS. It's clear that justice has been served in this case, and hopefully, it will serve as a deterrent for others who may consider engaging in similar fraudulent activities.

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