Montgomery County man sentenced to federal prison for defrauding elderly victims of hundreds of thousands of dollars

Date: Dec. 9, 2025

Contact: newsroom@ci.irs.gov

CINCINNATI – Ronald Scott Daley of Miamisburg was sentenced in U.S. District Court today to 54 months in prison for wire fraud and tax evasion related to a scheme to defraud clients, including elderly victims.

According to court documents, Daley was employed by a life insurance brokerage firm in the Southern District of Ohio from 1995 through 2021 and advised several elderly clients with respect to life insurance and annuity products.

From at least 2012 until 2020, Daley fraudulently convinced client victims to withdraw certain assets from the insurance brokerage firm and to deposit the funds into their own personal accounts. Daley then influenced the victims to make payments to a bank account for an entity that Daley controlled.

For example, Daley defrauded three victims of more than $707,000 in total.

Furthermore, the defendant failed to file and pay taxes on the fraudulent income.

As part of his conviction, Daley will repay restitution in the amount of approximately $707,000 for fraud against the victims and nearly $212,000 to the IRS.

Daley was indicted in December 2024 and pleaded guilty in May 2025.

Dominick S. Gerace II, United States Attorney for the Southern District of Ohio; Karen Wingerd, Special Agent in Charge, Internal Revenue Service (IRS) Criminal Investigations; and Jason Cromartie, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division announced the sentence imposed today by U.S. District Judge Matthew W. McFarland. Assistant United States Attorney Timothy S. Mangan is representing the United States in this case.

IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 19 field offices located across the U.S. and 14 attaché posts abroad.