Man Sentenced to Prison for Taking $1 Million+ From 8 People - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Man Sentenced to Prison for Taking $1 Million+ From 8 People

Posted: Updated:

The Reno man convicted of swindling 8 people out of more than $1 million has been sentenced to a decade in prison.

The Secretary of State's office says 69-year-old Jack Schwartz took between $30,000-$200,000 from victims and promised to use the money for his business, Tahoe Venture Partners LLC.

He claimed the business specialized in lowering energy costs but actually spent the money on personal expenses.

He pleaded guilty to multiple counts of securities fraud and theft last month.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.