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
- Voters to decide whether hunting, fishing is constitutional right
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Grand juries charge seven with election violations
- Dak Prescott's autograph fetches a pretty penny
- Butler Snow names Crockoft new office director
- Farm theft investigation recovers $200K in stolen equipment
- MISSISSIPPI RISING: Time to sell the image
- C Spire wins national award, cash prize for marketing analytics