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
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- College Board names Glenn Boyce as higher education chief
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- THE SPIN CYCLE — Key results from Pew’s social media survey