{Owensboro, Kentucky}...Tuesday, Chief U.S. Judge Joseph H. McKinley Jr. sentenced 28 year old Cory B. George of Owensboro, the owner of G3 Capital Management, to eight years in prison and ordered him to pay $1.6 million in restitution for a scheme to defraud investors in three states. George pleaded guilty to 11 counts of mail fraud, admitting to setting up G3 offices in Owensboro, Kentucky, Palm Beach, Florida and Houston, Texas. Prosecutors say, between December 2009 and April 2011, George mailed fraudulent certificates of deposit, deposited investor checks into a bank account in G3's name and mailed small interest payments to a Kentucky investor. George was ordered to forfeit contents of three bank accounts totaling about $484,000. Tuesday, October 16, 2012
Man Sentenced For Fraud
{Owensboro, Kentucky}...Tuesday, Chief U.S. Judge Joseph H. McKinley Jr. sentenced 28 year old Cory B. George of Owensboro, the owner of G3 Capital Management, to eight years in prison and ordered him to pay $1.6 million in restitution for a scheme to defraud investors in three states. George pleaded guilty to 11 counts of mail fraud, admitting to setting up G3 offices in Owensboro, Kentucky, Palm Beach, Florida and Houston, Texas. Prosecutors say, between December 2009 and April 2011, George mailed fraudulent certificates of deposit, deposited investor checks into a bank account in G3's name and mailed small interest payments to a Kentucky investor. George was ordered to forfeit contents of three bank accounts totaling about $484,000. 