- Associated Press - Wednesday, July 15, 2015

RICHMOND, Va. (AP) - A mansion owned by a Richmond developer imprisoned for fraud has sold at auction for $1.5 million.

The Richmond Times-Dispatch (http://bit.ly/1CE207J ) reports that holding company H.E. Leasing was the winning bidder for Justin French’s house. The auction was held on Wednesday on the steps of the Richmond Circuit Court building.

French had pleaded guilty in January 2011 to defrauding federal and state tax credit programs for rehabilitation of historic properties. He’s serving a 16-year sentence.

Danville certified public accountant Steve Wilkison represented H.L. Leasing at the auction. He tells the newspaper that the company plans to make the property a historic asset for the city.

The 8,680-square-foot mansion was built in 1916. It is listed on the National Register of Historic Places.

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Information from: Richmond Times-Dispatch, http://www.timesdispatch.com

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