Panola County Man Imprisoned for Fraud

OXFORD, Miss. Felicia C. Adams, United States Attorney for the Northern District of Mississippi, and Daniel P. McMullen, Special Agent in Charge of the Federal Bureau of Investigation in Mississippi, announced that:

Bobby Louis Sanford, 54, of Courtland, Mississippi, was sentenced on September 18 by United States District Judge Sharion Aycock, following his plea of guilty in October 2012 to one count of wire fraud and one count of money laundering, both of which charges involved Sanford’s scheme to obtain money from out-of-state victims through a series of fraudulent misrepresentations.

Judge Aycock ordered Sanford to serve 120 months in prison on each count of conviction, to run concurrently, followed by 3 years supervised release.  He was also ordered to pay restitution in the amount of $489,395.00.

This case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service and was prosecuted by Assistant United States Attorney Robert Mims.