Court upholds investor’s bank fraud conviction

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.

Source: AP

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

One Response to “Court upholds investor’s bank fraud conviction”

  1. Court upholds investor’s bank fraud conviction | III Investor Says:

    [...] More » [...]

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: