Woman sentenced for bilking investors for bogus businesses
Published: January 29,2013
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Venture Tech merges with ISC, acquires SAT
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Georgia-Pacific completes acquisition of SPG Holdings
- Community Bank names new officers
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- Officials set hunting dates for birds; expands dove season by 20 days
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium
- Corps official: River needs larger ports, locks and dams
- Southern Bancorp to acquire Bank of Bolivar County