FAYETTEVILLE — The fate of two men charged with defrauding investors in a failed Elm Springs wind farm project and the development of a wind turbine that was never built was put in the hands of a federal jury Thursday afternoon.
Jody Davis and Phillip Vincent Ridings are charged with multiple counts of wire fraud, aiding and abetting wire fraud, money laundering, and aiding and abetting money laundering. Both men pleaded not guilty.
In a closing argument Thursday, Kenneth Elser, deputy U.S. attorney, told jurors Dragonfly was nothing but a long-term scam netting Davis, Ridings and others more than $700,000 between 2014 and 2018.
“Tell ’em whatever you need to tell them to get their money,” Elser told jurors in his closing. “That’s what this case is about.”
That figure doesn’t include the losses suffered by people who did work for Dragonfly and were never paid or the person who was left holding a $2.3 million property loan.
Elser told jurors Davis and…