SCHENECTADY, N.Y. (AP) - A Schenectady man will serve approximately five years in prison for his role in an Internet vehicle sales scam.
The Times Union of Albany reports (https://bit.ly/1J5PLS9 ) 48-year-old Frederick Hollingshed was sentenced to serve 57 months in prison Wednesday in federal court.
Prosecutors say Hollingshed orchestrated the fraud scheme in which he obtained at least $70,000 from people who believed they were purchasing used cars over the Internet.
Hollingshed, aka Franklin Hollingshed, pleaded guilty in January to wire fraud, possession with the intent to use five or more identification documents and misuse of a Social Security number.
Hollingshed admitted to using bank accounts and corporate entities that he controlled to receive money from people under the impression they were purchasing vehicles.
As part of his sentencing, Hollingshed was ordered to pay $70,500 in restitution.
Information from: Times Union, https://www.timesunion.com
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