Real estate investor set to be sentenced Monday in fraud case

After several delays, Fredericksburg-area real estate investor James Ashby Moncure is scheduled to be sentenced Monday in federal court for wire fraud and illegal monetary transactions.

Prosecutors want the 42-year-old father of two to serve more than seven years in federal prison and pay $8.2 million in restitution, according to documents in U.S. District Court in Richmond.

 

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Rachel Dollar

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