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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- Supreme Court deals blow to McDaniel's election challenge
- Guns OK inside Mississippi polling places, attorney general says
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Baseball stadium for Farish Street? It’s possible
- Bryant protests immigrant children being housed in state
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- Gunn, Reeves introduce performance-based budget plan