- Associated Press - Friday, June 26, 2015

ASHEVILLE, N.C. (AP) - An Arden man has been sentenced to 18 years in prison for his role in a scheme involving the failed Seven Falls development, a golf course and luxury residential community in Etowah.

The Times-News reports (http://bit.ly/1LyfJ2y ) 57-year-old Keith Vinson was sentenced Thursday.

Vinson was also ordered to serve three years of supervised release and to pay restitution totaling over $18 million.

A federal jury convicted Vinson in October 2013 of multiple charges, including two counts of conspiracy to defraud the United States government, five counts of misapplication of bank funds and two counts of money laundering.

Court documents say Vinson and his co-defendants conspired and obtained money from several banks through a series of transactions in order to funnel money to Vinson and his failing development of Seven Falls.

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