Lexington businessman Douglas Patrick Healy was sentenced Thursday to 57-months in prison for scheming investors out of their money.
Healy operated a computer software company called Digital Storage Solutions (DSS) and marketed computer software that allowed people to store their medical history information on a wallet-size card.
The judge calculated a $1.4 million loss for nearly 30 victims.
A hearing to determine the restitution amount for victims was set for October 11.
Court records show that between 2008 and 2010, Healy made numerous false statements to lure money from investors in Lexington and other regional areas.
Court records also show that Healy made false statements about his level of education, his business expertise, and the amount of cards his company sold.