Quantcast

Former Vann's CFO sentenced in fraud case - KPAX.com | Continuous News | Missoula & Western Montana

Former Vann's CFO sentenced in fraud case

Posted: Updated:
(MTN News file photo) (MTN News file photo)
MISSOULA -

The former Chief Financial Officer of Vann's will serve prison time for a massive fraud case filed against him and the company's former CEO. 

47-year-old Paul Nisbet, and Vann's Chief Executive Officer George Manlove are accused of theft, fraud and conspiracy for stealing hundreds of thousands of dollars and driving the company into bankruptcy.

US prosecutors say Nisbet and former CEO George Manlove stole more than $900,000 from Vann's over the course of years.

Nisbet accepted a plea deal in May, admitting to the charge of conspiracy in exchange for many charges dropped and no prison time. 

U.S. Federal Court Judge Dana Christenson strayed from the plea deal, sentencing Nisbet to 14 months in federal prison and three years of supervision after his release. 

He was not fined, but faces a restitution hearing in the coming weeks. 

Manlove is set to appear at a jury trial on Jan. 9.

WEATHER
Powered by Frankly

© KPAX.com 2018, KPAX.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?