Ex-real estate investor sentenced for fraud
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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- After review, MSU moves forward on new research facility
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- SpaceX, Stennis officially open new rocket test stand
- Gulf LNG terminal mulling export opportunities
- Acco Brands investing $1.6M, adding 162 workers
- Secretary of State's Office transitioning to new location