For more than five years, Goshert sent fraudulent “updates” and account statements to investors and used investor money for personal expenses like Disney vacations.According to the US Attorney's Office, Eastern District of Missouri, at least 10 investors lost more than $500,000 from an investment fund run by Elijah Goshert, 47.
Goshert’s Magellan Sports Fund claimed to significantly reduce risk in sports betting by using a “sophisticated computer algorithm,” the For more than five years, Goshert sent fraudulent “updates” and account statements to investors and used investor money for personal expenses like Disney vacations, private school tuition, and mortgage payments. When investors tried to withdraw cash, he lied about his use of the funds and now he is facing three counts of wire fraud following an indictment on November 15, 2023.
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