Court upholds investor’s bank fraud conviction
by Associated Press
Published: July 12,2011
JACKSON — A federal appeals court has upheld the bank fraud conviction of former Madison County real estate investor Earline Y. Rawls.
Rawls was convicted last year in federal court in Jackson of three counts of bank fraud and one count of conspiracy. She was sentenced to 35 months in federal prison, five years on supervised release and ordered pay over $400,000 in restitution.
The 5th U.S. Circuit Court of Appeals yesterday rejected Rawls’ claim the prosecutors didn’t prove she committed a crime.
Prosecutors say Rawls devised a scheme involving the purchase of four residential properties in Madison and Hinds counties. They say Rawls provided false information to lenders to secure loan approvals.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Court upholds investor’s bank fraud conviction”
Top Posts & Pages
- Palmertree blocked from using public funds for legal defense
- Two companies fined for violations of 'No-Call' law
- Report: Mississippi only state to see drop in home prices
- District at Eastover takes shape with financing in place, tenant signings under way
- States settle with manufacturers in DRAM price-fixing case
- John Ferrucci'a perfect voice is perfect for the Silver Slipper Casino
- City suing Hercules for pollution at shuttered plant site
- Pickering collects more money from failed beef plant project
- Ex-Democrat Taylor cleared to run in primary as Republican
- Rankin chosen as new president of Alcorn State