FAYETTEVILLE — Two men were convicted Friday on all counts for defrauding investors in a failed Elm Springs wind farm project and the development of a wind turbine that was never built.
A federal court jury convicted Jody Davis and Phillip Vincent Ridings on multiple counts of wire fraud, aiding and abetting wire fraud, money laundering and aiding and abetting money laundering/
In a closing argument Thursday, Kenneth Elser, deputy U.S. attorney, told jurors the wind farm project, called 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 Ridings lied,…