Breaking News Bar
updated: 6/27/2014 6:00 AM

FBI: 9 charged in $15 million Tennessee fraud scheme

hello
Success - Article sent! close
 
Associated Press

GREENEVILLE, Tenn. -- The FBI says nine people from five states have been charged with taking $15 million from investors in a fake coal mining company in Tennessee.

The FBI says the nine have been charged with conspiracy to commit mail and wire fraud and money laundering in the U.S. District Court for the Eastern District of Tennessee at Greeneville.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

An indictment says Brian C. Rose established an office for New Century Coal in Johnson City and hired the other eight people to solicit investors in the non-existent company.

Prosecutors say more than 160 investors from around the country were targeted.

The people charged are from Tennessee, Florida, South Carolina, Indiana and Kentucky.

Six of those charged, including Rose, have pleaded not guilty. Three others have court dates next week.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here