SAN ANGELO, Texas (AP) - A West Texas man has been sentenced to 6½ years in federal prison after he admitted defrauding investors out of about $900,000 over four years and obstructing a federal investigation.
Stanley Jonathan Fortenberry was sentenced in federal court in San Angelo on Friday after pleading guilty on Nov. 18 to two mail fraud counts and a single count of obstructing justice. U.S. District Judge Sam Cummings also ordered the 51-year-old San Angelo man to pay $890,310 in restitution and forfeit $311,254.
Fortenberry admitted raising funds from investors for social media projects run by a company with ties to the country music industry. He admitted to diverting about half of that money into his own use.
Fortenberry remains free on bond but must turn himself for imprisonment on April 7.
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