Bluefield Daily Telegraph, Bluefield, WV

Virginia State News

February 1, 2014

Chesterfield man sentenced to 4 years for fraud

RICHMOND, Va. — A Chesterfield County man has been sentenced to four years in prison for defrauding military personnel and their families.

Vernon Matthews pleaded guilty to mail fraud last September. He was sentenced Friday in federal court in Richmond.

Matthews operated First Capital Group in Virginia Beach. In court papers, the 42-year-old Matthews admitted soliciting investments from military members and their dependents and misrepresenting how their money would be used and how much interest they would earn. He received more than $235,600 from July 2010 to May 2013 and used most of it for his own benefit.

The mail fraud count stemmed from investments by a U.S. Naval Academy graduate attending medical school. She persuaded Matthews to return her investments, but the $32,328 check bounced.

 

1
Text Only
Virginia State News
West Virginia State News
AP Video
Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest
Sister Newspapers' News