Man ordered to pay $650K to bilked investorsAugust 10, 2017
By The Associated Press
EVANSVILLE — An Evansville man has been ordered to pay $650,000 in restitution for stealing money he solicited from investors for his energy drink company.
That comes after 33-year-old Eric Morgan pleaded guilty to felony fraud charges in a scheme in which he was falsely raising money for the Liquid Ninja drink company and spending it on personal expenses. A Vanderburgh County judge also sentenced Morgan to a year in jail and four years of work release.
Morgan was CEO of the company that is no longer in business.
Defense attorney Shaunda Lynch tells the Evansville Courier & Press that Morgan is now working a construction job and provided a $10,000 payment Tuesday for distribution among the investors.
More on DuboisCountyHerald.com
Construction of the improved Fourth Street and the street’s section of the Heritage Trail...
A design firm is currently working on site and floor plans for the new combined Jasper...
Authorities have taken a Birdseye man into custody and accused him of starting the Thursday fire...