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Franklin man sentenced for 11 million dollar scheme

May 24, 2011
Total Loss: $11 Million

A 30-year-old Franklin man was sentenced to six years in prison Friday in connection with his role in an $11 million scheme to defraud investors and clients of Franklin-based J.C. Reed & Co.

Barron A. Mathis also must pay $2.8 million in restitution and forfeit $1.5 million to the federal government. The sentence ...

Source: The Tennessean
Posted in: ACH and Wire Fraud
Tags: wire fraud