Fredericksburg Man Sentenced for Investment Fraud - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Fredericksburg Man Sentenced for Investment Fraud


RICHMOND, Va. (AP) - A Fredericksburg man has been sentenced to five years and five months in prison for swindling investors in a proposed office park.
James Ashby Moncure was sentenced Monday in federal court in Richmond.
U.S. District Judge Henry Hudson also ordered Moncure to make restitution of about $8.3 million to nearly three dozen victims. Moncure had pleaded guilty to two counts in an eight-count indictment.
Moncure was part owner of a company that partnered with The Silver Companies to develop the Quantico Corporate Center adjacent to the Marine Corps base in Stafford County. Court papers say Moncure spent most of his investors' money on unauthorized purposes, including day-trading of stocks.

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