Posted on

Former finance chief jailed for wire fraud

rhondathompson, [email protected]

Former finance chief jailed for wire fraud

Social Share

RICHMOND – Virginia’s former secretary of finance has been sentenced to ten years in prison for wire fraud.
John W. Forbes II was sentenced Tuesday afternoon by U.S. District Judge Henry Hudson, who lectured the former state Cabinet official about abusing his position of trust. Forbes apologised for his actions.

The 54-year-old Forbes pleaded guilty in August to defrauding the Virginia Tobacco Indemnification and Community Revitalisation Commission. Frobes, who served on the commission’s board, secured a US$5 million grant for an adult literacy program that he created. He admitted to using about $4 million of the money for his own expenses.
Forbes served as finance secretary from May 2001 to January 2002 under then-Gov. Jim Gilmore. (AP)