Ex-NFL player going to jail for defrauding investors
Published: May 2,2012
JACKSON — Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China.
A federal judge sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences will run at the same time. Walker must pay $2.045 million in restitution to investors.
Walker pleaded guilty in October to wire fraud and tax evasion involving a planned resort in China. Prosecutors say he used investors’ money for personal items including a luxury van and a boat.
FBI and IRS officials say investors in Mississippi, Tennessee, Florida and Arizona made interstate bank wire transfers to one of his companies. One sent a $200,000 check.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- MDOT cutting more than 40 jobs in Right-of-Way Division
- Board authorizes sale of company that owns Silver Slipper Casino
- Granddaughter of Barq's Root Beer founder dies at 90