Orlando Man Sentenced to Prison for $1.6 Million Investment Fraud

Anthony Michael Hernandez was sentenced to three years in prison, with credit for time served, to be followed by five years of supervised probation, and restitution of $1.8 million after entering a guilty plea. He was charged with organized fraud, exploitation of elderly/disabled adults, and tampering with a witness.

Hernandez used television and social media advertisements to lure individuals to invest in pre-IPO shares of his company, Oi2GO Media Technologies, Inc., which he claimed was the Spanish-language equivalent of Netflix. Hernandez also claimed the company had a network of 1,700 online radio stations and more than 1,000 affiliated radio stations, with a wide advantage over other digital streaming companies such as Netflix, YouTube, Amazon, and iTunes. However, the OFR investigation found no evidence of such a network, and most of the money obtained from investors was used by Hernandez for various personal expenses.

The OFR BFI was the sole investigative agency in this criminal enforcement action. The Florida Attorney General’s Office of Statewide Prosecution prosecuted the case.