Posted: Dec 4, 2012 2:12 PM by Madelyn Monteath, KSBY News
Updated: Dec 4, 2012 9:02 PM
A former lending company executive who caused a loss of more than $1.3 million to numerous victims was sentenced to 5 years in jail on Tuesday in a San Luis Obispo County Courtroom.
Linda Ann Kennedy was originally arrested on July 16 in Tennessee following a four year investigation by the California Department of Corporations and an additional investigation by the San Luis Obispo District Attorney's office. Last month Kennedy pled no contest to charges of embezzling money and fraudulent loan practices.
A restitution status hearing is set for June 4, 2013 to determine the amount of money that will be given to the victims.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties