(BIRMINGHAM, Ala.) -- The Alabama Securities Commission said Tuesday that a Baldwin County man was sentenced to 12 years in prison for securities fraud and theft, the Birmingham News reports.
Richard James Tucker was found guilty of nine counts of securities fraud, two counts of theft, one count of conspiracy to commit securities fraud and one count of sale of an unregistered security, the paper says. The charges were associated with the Robertsdale-based company, Synergy Finance Group LLC.
Four other men were involved in the crimes, and U.S. and foreign victims lost about $2.8 million as a result, according to a statement by the ASC. Tucker was sentenced on May 23. He is at the Baldwin County Jail, pending a $175,000 bond. His attorney has given notice of an appeal, the paper says.
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