Lexington Businessman Sent To Prison For Defrauding Investors

(WTVQ-TV, LLC)
(WTVQ-TV, LLC)
Reported by: Tom Kenny
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/04/2012 12:16 am
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.
Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
Car Flips After Collision In Downtown Lexington
A car ended up on its top Sunday afternoon in downtown Lexington. And investigators said they were getting different reports about how it happened. Video Video
Lexington PD: Man Goes to Meet Woman, Gets Robbed Instead
A Frankfort man was hoping to meet up a woman he had met online early Saturday morning, but officials said when he got to their meeting spot, he was robbed.
Police: Gun Fired Outside Lexington Waffle House
Lexington Police were called to a Waffle House restaurant after reports of gunfire. Officers said it happened around 3:00 a.m. Sunday on Redding Road off of Tates Cre
UPDATE: New Details In Shooting On Hollow Creek Road
There were new details released after a shooting that police said left a bullet lodged in a Lexington home.
Deputies: Drugs, Cash & Guns Found In Frankfort Home
A Frankfort man was arrested after deputies say he was caught with drugs, cash and several loaded guns.
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.