MINNEAPOLIS—B. Todd Jones, United States Attorney for the District of Minnesota, announced that a 59-year-old Vadnais Heights man was sentenced in federal court earlier today for bilking an investor out of more than $168,000 by selling him fictitious stock. U.S. District Court Judge James M. Rosenbaum specifically sentenced Richard Lynn Barnaby to 27 months in prison on one count of investment fraud through interstate wire. Barnaby, who was charged on October 13, 2009, and pled guilty on November 17, 2009, was also ordered to pay $222,639.26 in restitution to seven victims. In his plea agreement, Barnaby admitted that between 2003 and May of 2005, he operated a scheme through which he sold nonexisting stock in Teledigital, Inc., an actual company that marketed pre-paid cell phone software services and equipment. To carry out the scheme, Barnaby, who served as the company’s president from July of 2002 through September of 2004, told a potential investor he was the agent for some peopl...