CHARLOTTE, N.C. (AP) — A Salisbury man who prosecutors say used elaborate stories to defraud friends, charitable groups and investors has been sentenced to 10 years in prison.
U.S. District Judge Robert Conrad on Thursday ordered 52-year-old John Knox Bridges to also pay more than $1.5 million in restitution. Bridges also must serve three years of court supervision after his release.
Bridges pleaded guilty to securities fraud and money laundering last year. Prosecutors say he took more than $2.3 million.
He was supposed to be sentenced in January, but was later caught hiding in a church basement with a shotgun. He had been in jail since then.
Prosecutors say Bridges told several people he would invest their money in a Texas oil company. Prosecutors say he used the money for travel and personal expenses.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Trending on CBS Charlotte:
- Election Watch: Will Obamacare Hurt Democrats In 2014?
- Ryan McGee: Heisman, BCS Title and Return of 3 to NASCAR
- Folks Can Now Adopt Cannons Where Civil War Began
- Bob Barker Celebrates 90th Birthday On ‘The Price is Right’
- Greg Cosell: Bell And Gross Struggled To Protect Against The Saints
- NC Dental Board Questions Patient’s Death
- The NFL Is Still “The Daddy”
- 2 Shot And Wounded At Monroe Chicken Plant
- Former Teacher Accused Of Sex With Student
- Celebrity Philanthropists For The Earth