Ex-real estate investor sentenced for fraud
by Associated Press
Published: September 23,2010
MADISON COUNTY — A former Madison County real estate investor convicted June 9 of three counts of bank fraud and one count of conspiracy will serve 35 months in federal prison, five years on supervised release and pay over $400,000 in restitution.
The Clarion-Ledger reports 37-year-old Earline Y. Rawls, the alleged owner of Heavenly Homes LLC, was sentenced in U.S. District Court earlier this month.
A federal grand jury had indicted her on one count of conspiracy to commit bank fraud and six counts of bank fraud.
According to the indictment, Rawls devised a scheme involving the purchase of four residential properties in Madison and Hinds counties.
Prosecutors say Rawls provided false information to lenders to secure loan approvals.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- LNG facility hoping to begin exporting natural gas
- Doctor's murder-for-hire case postponed, mental evaluation pending
- ACLU could sue over state's new school prayer law
- District at Eastover construction to start later this year
- Hatchery releases largemouth bass fingerlings in three rivers
- Bill exempting small farms from fuel storage regs passes Senate
- Mayor wants 'trial run' of hotel/restaurant tax next month