A Molokai man, who earlier spent time in federal prison for an investment fraud scheme, was sentenced Monday to two years in federal prison in connection with his operation of another investment fraud scheme that targeted Hawaii and Mainland investors.

David “Kawika” Buch-anan, 47, used money he obtained from a retired Molokai woman and others for personal travel, an online video game called “Evony,” Western Union wire transfers to an Internet girlfriend in the Philippines and other personal expenses for him and his brother, according to a court document.

During his sentencing Monday in U.S. District Court in Honolulu, Buchanan also was ordered to pay $55,000 in restitution and to serve three years on supervised release after he completes the two-year prison term. He was ordered to perform 100 hours of community service.

Buchanan, who was released on bond, was ordered to turn himself in Sept. 29 to begin serving the prison sentence.

Buchanan had pleaded guilty to wire fraud.

The bulk of the restitution, $45,000, was ordered for the Molokai woman, a retired federal employee who was a neighbor of Buchanan. He had told the woman that he was a financial manager and could turn her initial $40,000 investment into $300,000 for a 650 percent rate of return. She withdrew the money from her retirement savings to invest with Buchanan in October 2012 and also gave him another $5,000 that he said she had to pay in taxes to get her money, according to a court document.

In court Monday, the woman said she had been traumatized by the abuse of trust inflicted on her by Buchanan.

The other $10,000 in restitution was for a Boston man who also gave money to Buchanan to invest.

Buchanan solicited money for the fictional business “Molokai’s Finest,” which he described as an agricultural startup, according to the court document.

In 2009, Buchanan was sentenced to four years and nine months in prison after pleading guilty to federal wire fraud charges in Washington state. He stole $2.4 million from victims in that investment fraud scheme.

“After he was released from prison for another multimillion-dollar Ponzi scheme, Mr. Buchanan came back to Molokai and started to do it all over again,” said FBI Special Agent Tom Simon, who investigated the latest case. “Hopefully, this new stint of incarceration will put him on an honest path.”

Judge Susan Oki Mollway sentenced Buchanan.

* Lila Fujimoto can be reached at lfujimoto@mauinews.com.