Thursday, February 9, 2012

Tobacco store owner gets 5 years



(Napa Valley Register) The former owner of Cigarettes Cheaper!, a man with long-standing Napa ties, was sentenced Wednesday in a San Jose federal courtroom to five years in federal prison for multiple counts of bank fraud, according to the U.S. District Attorney’s Office.
... Authorities indicted Ned Roscoe and his father, John Roscoe, in 2007.
The elder Roscoe pleaded in January 2011 to one count of conspiracy to make false statements to a bank. On Wednesday, John Roscoe was sentenced to 12 months of home confinement with electronic monitoring followed by five years of supervised released, the U.S. district attorney’s office said. Continued

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