Myers gets 63 months for investment scheme | News | #scams | #elderlyscams
Lenoir City resident Christina Erin Myers, 39, got more than five years in federal prison for her involvement in an elder fraud scheme.
Myers was sentenced Thursday by U.S. District Judge for the Eastern District of Tennessee Katherine A. Crytzer to 63 months in prison following a conviction on money laundering and wire fraud charges. She was also ordered to pay victims more than $400,000 in restitution, according to a press release from Acting U.S. Attorney for the Eastern District of Tennessee Frances M. Dale Jr.
Myers pleaded guilty in 2019 to one count each of wire fraud and money laundering.
“In her plea agreement filed with the court, Myers admitted to defrauding elderly victims by diverting to her own use the funds that her victims had provided to her for the purchase of real estate from Tennessee Baptist Adult Homes, marketing non-existent senior communities, and promoting fictitious opportunities,” according to a press release. “Myers further admitted that she failed to invest the funds as she promised and diverted those funds for her personal benefit without knowledge or authorization of her victims. Myers also admitted to making financial transactions with the stolen funds, and that she did so to keep her fraud scheme going.”
The investigation was conducted by Lenoir City Police Department, Tennessee Highway Patrol and the Internal Revenue Service-Criminal Investigation. Dale Jr. represented the U.S. in court.
“Christina Myers took advantage of our community members,” Don White, Lenoir City police chief, said. “Our seniors are in a constant bombardment of phone, email and postal scams that maliciously target the elderly and other vulnerable citizens. This sentence will hopefully deter others who seek to victimize our most vulnerable citizens.”
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