As excerpted from FBI.gov.
BATON ROUGE, LA—United States Attorney Walt Green announced today that JAMES R. HOLDMAN, age 59, of Zachary, Louisiana, was sentenced yesterday before U.S. District Judge James J. Brady to sixty (60) months’ imprisonment as a result of a mail fraud scheme in which he defrauded investors out of millions of dollars. HOLDMAN was also sentenced to serve two years of supervised release following his release from imprisonment and ordered to pay the victims of his scheme $7,910,074 in restitution.
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