The Seventh Circuit affirmed Giulio Palma’s conviction on six counts of wire fraud under 18 U.S.C. § 1343 and the district court’s denial of his motion for judgment of acquittal. The court applied a de novo standard of review, which functions practically as a sufficiency-of-the-evidence test requiring the appellate court to view the evidence in the light most favorable to the government and reverse only if no rational trier of fact could have found the defendant guilty. To sustain the conviction, the court held that the government successfully proved Palma participated in a scheme to defraud with the specific intent to deceive. The court rejected Palma’s argument that he was merely entitled to a 7.5% commission or that the investors were too gullible, noting that the evidence clearly showed Palma concealed his use of $2 million of investor funds for personal expenses, including jewelry, travel, and mortgage payments, while falsely representing to investors that he was not being compensated until properties were acquired. The court distinguished this case from *United States v. Weimert*, emphasizing that unlike in that case where material terms were disclosed, Palma actively misled investors about the diversion of funds. Additionally, the court found sufficient evidence of intent to defraud, as Palma’s pattern of mischaracterizing expenditures and concealing his financial situation demonstrated a willful act calculated to deceive for personal gain. As a result of this affirmation, Palma’s 36-month prison sentence and two years of supervised release imposed by the district court remain in effect, and no further relief is granted to the appellant.