Kasey Anderson of Vancouver, Wash., surrendered to federal officials in Seattle on Tuesday to face wire fraud charges.
Federal prosecutors say Anderson raised money for an album called "Trapped Like a Ghost," to benefit the "West Memphis Three," three men who were convicted of murder in 1994. They say he told investors that many famous musicians had agreed to contribute tracks, and that he fabricated emails supposedly from Springsteen's manager.
Prosecutors say he has repaid $160,000 of the money. Some of the investors sued Anderson in court in Portland.
Anderson made an initial appearance at U.S. District Court in Seattle Tuesday. He did not enter a plea.