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Federal jury finds former Vann's CEO guilty on most counts - KPAX.com | Continuous News | Missoula & Western Montana

Federal jury finds former Vann's CEO guilty on most counts

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Ex- CEO George Manlove is charged with hundreds of counts of money laundering, fraud and theft . (MTN News photo) Ex- CEO George Manlove is charged with hundreds of counts of money laundering, fraud and theft . (MTN News photo)
MISSOULA -

A federal grand jury finds the former Vann's CEO guilty on dozens of counts of defrauding the company of hundreds of thousands of dollars before the company was forced into bankruptcy.

Federal prosecutors charged George Manlove with some 200 counts of money laundering, fraud and theft stemming from his management of the Missoula-based retailer. The family-owned operation would eventually fold after a half-century in business.

Investigators said Manlove diverted hundreds of thousands of dollars for personal expenses including trips, homes and college degrees.

On Friday afternoon, a jury agreed with the vast majority of those allegations, finding Manlove guilty of charges ranging from conspiracy to wire fraud, money laundering and tax evasion. He was found "not guilty" on some of those individual counts too.

Sentencing has been set for May 19 in Federal District Court in Missoula. He's been released under supervision, pending that sentencing.

Former Vann's CFO Paul Nisbet, who also implicated in the case, accepted an agreement and pled guilty to reduced charges last fall.

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