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Tag: Fredericksburg

Former FBI Agent, Wife Face Prison Today in Investment Fraud Case That Targeted Seniors

Steve Neavling
ticklethewire.com

 A former FBI agent and his wife face prison time Tuesday  for preying on seniors in an investment fraud case, the Associated Press reports.

John and Sara Graves, of Fredericksburg, Va., were convicted in April of mail fraud, conspiracy and four counts of wire fraud.

Prosecutors said the couple opened an investment company in 2003 and used the funds of elderly people to buy real estate and other personal belongings, the AP wrote.

John Graves faces up to 17 and a half years under federal sentencing guidelines. His wife faces nine years.

Defense attorneys are calling for no more than five years for the former FBI agent and home confinement for his wife, the AP wrote.