Man who took Opelika residents for $1.9M sentenced to 5 years
The founder of business incubator who pleaded guilty to scamming residents of an Alabama city was sentenced Tuesday to more than five years in prison and ordered to return $1.9 million to investors.
Kyle Sandler, 43, opened the Round House in 2014 as a launching pad for new tech companies in the east Alabama town of Opelika, raising about $1.9 million from more than 70 investors. He pleaded guilty last year to fraud.
U.S. Attorney Louis Franklin said Sandler "violated the trust of his investors with lies and deception."
"They trusted him with their hard-earned money, and he used it as his personal piggy bank," Franklin said.
Read more: https://www.montgomeryadvertiser.com/story/news/2019/03/26/man-who-took-opelika-alabama-residents-sentenced-5-years/3278906002/