Guilty Plea to Fraud Charges
An Erie man who scammed several St. Marys residents has pleaded guilty in federal court to mail fraud and wire fraud charges.
39-year-old Eric Long induced numerous people to invest about $750,000 in his company, Shepherd Networks, with false promises of huge returns, according to the US Attorney's office.
Long also repeatedly lied to investors about the company's business ventures and prospects for success. Most of the victim investors live in St. Marys.
The FBI and St. Marys Police conducted the investigation.
When he's sentenced on August 27, Long faces a total of 500 years in prison, a fine of $6.2 million or both.
39-year-old Eric Long induced numerous people to invest about $750,000 in his company, Shepherd Networks, with false promises of huge returns, according to the US Attorney's office.
Long also repeatedly lied to investors about the company's business ventures and prospects for success. Most of the victim investors live in St. Marys.
The FBI and St. Marys Police conducted the investigation.
When he's sentenced on August 27, Long faces a total of 500 years in prison, a fine of $6.2 million or both.
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