SC Man Gets 10 Years For $12M Investment Scheme

Law360, New York (December 10, 2008, 12:00 AM EST) -- A South Carolina man charged with soliciting $12 million for a phony investment company has been slapped with a 10-year federal prison sentence, according to the U.S. Attorney for the District of South Carolina.

On Wednesday, 47-year-old Daryl Batts pled guilty to wire and securities fraud in the U.S. District Court for the District of South Carolina, U.S. Attorney W. Walter Wilkins said.

The U.S. Attorney's Office indicted Batts in July, alleging securities and wire fraud violations related to a sham investment business, Comprehensive Financial Solutions....
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