Phoenix man gets 12-year prison term in fraud case
Updated:
PHOENIX (AP) - A Phoenix man faces 12 years in prison after being sentenced on felony convictions stemming from sales of fictitious certificates of deposit to investors who are retirees in Arizona.
The U.S. Attorney's Office says 53-year-old Jeffrey Navin also has been ordered during Tuesday's sentencing to pay restitution.
The office says nearly 20 investors collectively lost nearly $6 million.
Navin pleaded guilty in August to charges that included fraud.
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Wednesday, June 19 2013 4:30 PM EDT2013-06-19 20:30:42 GMT
The FBI has found possible human remains in a dig at the New York City house once occupied by a famous gangster. An FBI spokesman confirmed Wednesday that agents found material that they want to test as part of an investigation.
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Wednesday, June 19 2013 3:38 PM EDT2013-06-19 19:38:42 GMT
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Wednesday, June 19 2013 1:46 PM EDT2013-06-19 17:46:33 GMT
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