Sports drink firm accused of bilking investors


COLUMBUS, Ohio (AP) — Two Ohio businessmen are accused of defrauding their company’s investors and
diverting their money for personal use.
A federal grand jury has indicted Preston Harrison, of Lewis Center, and Thomas Jackson, of Powell, on
counts that include wire fraud and money laundering. Harrison’s wife also faces federal charges.
U.S. Attorney Carter Stewart announced the indictment Tuesday.
Jackson’s attorney says he plans to plead not guilty. Messages were left with the Harrisons’ attorneys
after hours.
Federal authorities say the men engaged in a scheme to deceive investors in their Westerville company
about the sports drink OXYwater. The men operated Imperial Integrated Health Research and Development
LLC, which developed the beverage.
Authorities claim as a result of the defendants’ alleged conduct between August 2010 and spring 2013,
investors lost approximately $9 million.

No posts to display