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Man Swindles Investors, Will Spend Time In Federal Prison

Last updated on Thursday, February 14, 2008

(INDIANAPOLIS) - An Indianapolis man has been sentenced to a year and a month in federal prison for swindling some California real estate investors.

Eric Gurnell of EGA Properties pleaded guilty to wire fraud for taking $107,000 dollars from the investors for three properties in Indianapolis.

The plan was for Gurnell to fix up the properties so the investors could flip them for a quick profit. Small problem: Gurnell didn't own the properties.

Gurnell's been ordered to make full restitution.

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