Judge sentences Naples money manager

NAPLES — A federal judge has sentenced money manager Blayne Davis to nine years in prison for defrauding investors of more than $13 million.

According to a statement from the U.S. Attorney's office, Blayne Davis, formerly of Naples, was director of trading for Capital Blu Management. The firm provided investments and managed accounts in the foreign-exchange market.

Investors suffered more than $13 million in losses after Davis and co-conspirators misrepresented the values and the risks of the investments. Over 100 investors lost money in the scheme, the U.S. Attorney's office says in the statement.