Va. Man Gets 8 Years For $8.9M Investment Fraud
Julius "Bud" Johnson, who pled guilty in April to one count of conspiracy to commit mail, wire and bank fraud, and one count of engaging in unlawful monetary transactions, will serve 97 months in federal prison. He also faces an estimated restitution order of $8.9 million, according to a plea deal with prosecutors.
Johnson and a co-conspirator, identified as W.R. in the amended criminal information,...
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