FAYETTEVILLE — A Springdale man was sentenced to federal prison Friday after he testified in the fraud trial of two associates related to a failed wind farm project in Elm Springs.
Cody Fell, who worked at Dragonfly International for a time, pleaded guilty to federal wire-fraud and tax-evasion charges in December 2018.
U.S. District Judge Timothy L. Brooks sentenced Fell to 10 months in federal prison, followed by three years supervised release, and ordered Fell to pay $422,330 restitution.
Fell was also ordered to pay the IRS restitution of $30,185 and was ordered to file proper income tax returns in the future.
Until all the financial debts are paid, Fell is prohibited from opening bank or credit card accounts without prior approval of his probation officer.
He was allowed to remain free on bond until Oct. 20, when he is ordered to self-report to prison.
Fell agreed to plead guilty and to cooperate with the government. He testified against Jody Davis and Phillip Vincent Ridings at their fraud and money laundering trial.
Davis and Ridings were charged with nine counts of wire fraud, aiding and abetting wire fraud, money laundering, and aiding and abetting money laundering. Both men were found guilty on all counts on Sept. 3. They await sentencing.
Both Ridings and Davis, Dragonfly’s CEO, were found guilty of conspiring to commit wire fraud. Both were also found guilty of four counts of wire fraud and aiding and abetting wire fraud.
Both men were also found guilty,…