Coast businessman sentenced for embezzling from customers
Published: October 5,2011
OCEAN SPRINGS — A Coast businessman has been sentenced for embezzlement and must pay full restitution to his victims, according to Attorney General Jim Hood.
Rusty Lee Keenum, 37, of Ocean Springs, appeared before Judge John C. Gargiulo and pleaded guilty to two counts of embezzlement.
The judge sentenced Keenum to six years in the custody of the Mississippi Department of Corrections, with six years suspended and five years of reporting probation to run concurrent.
Keenum was ordered to pay full restitution to his victims in the amount of $95,714.
Keenum was arrested following indictment as a result of consumers filing formal complaints with the Attorney General Office’s Consumer Protection Division against Keenum and his business, TK Motors. The business was located at 1815 Pass Road in Biloxi and closed in 2010.
In the majority of the complaints, Keenum received payments for vehicles, however, none of the customers received a vehicle, nor did they receive a refund after having requested one.
To sign up for Mississippi Business Daily Updates, click here.
2 Responses to “Coast businessman sentenced for embezzling from customers”
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- THE SPIN CYCLE — Key results from Pew’s social media survey