Both the owner and chief financial officer of a former business out of Perry County, were both indicted on Thursday for conspiracy to commit wire-fraud, multiple counts of wire-fraud, and conspiracy to commit money laundering.

 

According to Officials with the U.S. Department of Justice , a jury convicted 53-year-old Douglas William Vance, of Richlands, VA, and 59-year-old Molly Irene McKinnon, of Acworth, GA, following a six-day trial.

 

Evidence presented during the course of that trial revealed that, from 2016-2018, both Vance and McKinnon used falsified bank statements, financial reports, purchase orders, sales and production figures, and other fabrications in order to convince different investors of their ownership in a stake in a company called Nex-Gen.

 

The two will appear for their sentencing on February 3rd, 2023. Each faces a maximum of 20-years in prison for each count.