Lawyer gets jail time for real estate fraud scheme
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
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Kemper plant employee gag order continued
- 2014 a good year for filmmaking in Mississippi
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- Ex-prison boss and businessman admit to bribery scheme
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- ASA postmortem: industrial recruiting is a constant cycle of death and life