Lawyer gets jail time for real estate fraud scheme
by Associated Press
Published: August 12,2013
RIDGELAND — A Ridgeland lawyer has been sentenced to nearly four years in prison for fraud.
The July 2011 indictment says Michael Earwood and a partner formed Kinwood Capital Group LLC, a real estate business that operated from 1998 to 2006.
Prosecutors say Earwood asked the partner for money to pay taxes on Kinwood’s property, but transferred the money to another business Earwood controlled. Earwood also was accused of transferring Kinwood property to another business he formed.
Prosecutors say Earwood later filed for bankruptcy for one of those companies.
He pleaded guilty to one count of bankruptcy fraud in August 2012. He was sentenced earlier this month in U.S. District Court in Jackson and ordered to pay $792,228 in restitution.
He must report to prison Sept. 16.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- Lawmakers debating alternative to Medicaid expansion
- Pickering collects more money from failed beef plant project
- The First acquiring Alabama bank in cash/stock deal
- Todd Smith's Spin Cycle — Not milk! It’s end of era for milk industry’s iconic ‘Got Milk?’ campaign
- States settle with manufacturers in DRAM price-fixing case
- District at Eastover takes shape with financing in place, tenant signings under way
- MBJ's Businesswoman of the Year never expected her career to take this path
- Mississippi ag aviation plays a critical role in production and profitability