Former Cole County man faces sentencing
Thursday, February 14, 2013
A former Cole County resident is scheduled to be sentenced next month after pleading guilty to money laundering and wire fraud in federal court in Pennsylvania.
The FBI arrested Shawn Vaught, 38, who had been free on bond after pleading guilty in September. They took him into custody on a warrant to have his bond revoked; he was in the process of moving back to Missouri. Authorities did not release details about the date and location of his arrest in Missouri.
Vaught had pleaded guilty to defrauding
victims of $1.3 million by taking money for commercial power
generators that he did not possess or deliver to customers.
The three wire-fraud counts Vaught pleaded guilty to in September each carry up to a 20-year sentence, and the money-laundering count could mean 10 years in federal prison.
According to reports from the Erie-Times News, officials with the U.S. Attorney’s Office for the Western District of Pennsylvania said Vaught continued to run scams even after his guilty plea.