Man who impersonated Saudi prince to con investors sentenced

Federal judge in Miami sentences Anthony Gignac to 18 years in prison

By Associated Press, Peter Burke - Managing Editor

Anthony Gignac was sentenced to 18 years in prison for impersonating a Saudi prince to con investors and live a lavish lifestyle.

MIAMI - A man who impersonated a Saudi prince to con investors and live a lavish lifestyle has been sentenced to 18 years in prison.

Anthony Gignac received the sentence Friday in Miami for stealing at least $8 million while impersonating Sultan Bin Khalid Al-Saud, buying a Ferrari, Rolex watches and renting a condo on an exclusive South Florida island.

"Over the course of the last three decades, Anthony Gignac has portrayed himself as a Saudi prince in order to manipulate, victimize and scam countless investors from around the world," U.S. Attorney Fajardo Orshan said. "As the leader of a sophisticated, multi-person, international fraud scheme, Gignac used his fake persona -- Prince Khalid Bin Al-Saud -- to sell false hope. He sold his victims on hope for their families, careers and future. As a result, dozens of unsuspecting investors were stripped of their investments, losing more than $8 million."

The Miami Herald reports that U.S. District Judge Cecilia Altonaga called him a "mastermind."

Gignac was born in Colombia 48 years ago but was adopted by a Michigan family as a young child. He is an American citizen. He pleaded guilty in March to wire fraud, impersonating a diplomat and other crimes.

He told Altonaga that while he accepted responsibility, other people were involved and should have been charged.

Copyright 2019 by WPLG The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.