Former CEO, Legislator Gets 21 Years, Ordered to Pay $21 Million - Articles

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Posted by: Katharine Heriges on Sep 5, 2017
A former CEO and Tennessee state legislator was sentenced today to 21 years in prison for his role in a financial scheme, the Commercial Appeal reports. Larry Bates, alongside his sons and daughter-in-law, was convicted in a precious metals Ponzi scheme that impacted more than 360 people. Bates was ordered to pay more than $21 million in restitution.