Post by Logan on Apr 7, 2016 4:52:20 GMT -6
Former Eugene property manager pleads guilty to swindling over $3.5 million
A former Eugene property manager pleaded guilty Wednesday in federal court to swindling more than $3.5 million from property owners and investors.
Terry Shockley, owner and operator of now-defunct TS Property Management, was one of the largest landlords in the Eugene area. He'll be sentenced in September, according to the U.S. Attorney's Office.
Shockley, 63, pleaded guilty to two counts of wire fraud in U.S. District Court in Eugene, the Register-Guard reported. He agreed to a restitution order for the entirety of his victims' losses as part of a plea agreement, federal prosecutors said in a news release.
He faces as much as 20 years in prison on each count, prosecutors said.
Read more: www.oregonlive.com/pacific-northwest-news/index.ssf/2016/04/eugene_property_manager_pleads.html
A former Eugene property manager pleaded guilty Wednesday in federal court to swindling more than $3.5 million from property owners and investors.
Terry Shockley, owner and operator of now-defunct TS Property Management, was one of the largest landlords in the Eugene area. He'll be sentenced in September, according to the U.S. Attorney's Office.
Shockley, 63, pleaded guilty to two counts of wire fraud in U.S. District Court in Eugene, the Register-Guard reported. He agreed to a restitution order for the entirety of his victims' losses as part of a plea agreement, federal prosecutors said in a news release.
He faces as much as 20 years in prison on each count, prosecutors said.
Read more: www.oregonlive.com/pacific-northwest-news/index.ssf/2016/04/eugene_property_manager_pleads.html