Woman sentenced for bilking investors for bogus businesses
by Associated Press
Published: January 29,2013
Tags: bench, case, court, crime, criminal, fraud, investing, investment, investor, judge, judicial, judiciary, justice, law, legal, prison, probation, sentence, trial
FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money.
The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on two counts of false pretense.
The sentencing magistrate, Judge Lamar Pickard, also ordered Sanders to pay $132,000 in restitution.
Officials say she had allegedly told a Jefferson County resident she was looking for a business investor. Sanders reportedly told the investor she had already collected three-quarters of the funds needed.
However, the business reportedly never opened, and even though the money was supposed to be put into an escrow account, that never happened.
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