Man Sentenced on Fraud Charges
An Erie man has been sentenced to 71 months in prison for defrauding St. Marys residents out of about $750,000.
39-year-old Eric Long induced numerous people to invest money in his company, Shepherd Networks, with false promises of huge returns.
The US Attorney's office says Long also repeatedly lied to investors about the company's business ventures and prospects for success.
Prior to imposing sentence, Judge Sean McLaughlin said this was an extremely serious crime, the callousness of which is hard to fathom, which resulted in a fundamental breach of trust involving friends and family.
The FBI and St. Marys Police Department investigated.
39-year-old Eric Long induced numerous people to invest money in his company, Shepherd Networks, with false promises of huge returns.
The US Attorney's office says Long also repeatedly lied to investors about the company's business ventures and prospects for success.
Prior to imposing sentence, Judge Sean McLaughlin said this was an extremely serious crime, the callousness of which is hard to fathom, which resulted in a fundamental breach of trust involving friends and family.
The FBI and St. Marys Police Department investigated.
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