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
Top Posts & Pages
- UMMC reaching out after death of high school football player
- Former Godwin CEO Danny Mitchell dies at 66
- Northrop Grumman lands $354M Air Force contract for Global Hawks
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- More school districts join MAEP lawsuit brought by Musgrove
- Thousands of acres of Delta farmland to go on auction block
- BLAKE WILSON: Danny Mitchell was a remarkable business leader, a better friend
- Court tosses challenge to Miss. Silicon’s clean air permit
- S&P: State in top 10 in U.S. in sales tax dependency