x
Breaking News
More () »

Fayetteville banker gets 20 years for investment fraud, money laundering

Nock and his associates were convicted of conspiracy to commit wire fraud, multiple counts of wire fraud, and conspiracy to commit money laundering.

UNITED STATES, — Fayetteville investment banker John Nock has been sentenced to 20 years and 10 months in prison after being convicted in an $18 million fraud and money laundering scheme.

Nock learned his fate Thursday in federal court after an initial sentencing hearing in February was postponed. Federal prosecutors had asked that Nock, 55, be sentenced to between 27 years and nearly 33 years in prison.

Nock asked for a sentence below the guideline range because he is less likely to re-offend because of his age and lack of a prior criminal record.

To read more on Nock's sentencing, our content partner Arkansas Business has the full article here. 

    

Watch 5NEWS on YouTube.

Download the 5NEWS app on your smartphone:

Stream 5NEWS 24/7 on the 5+ app: How to watch the 5+ app on your streaming device

To report a typo or grammatical error, please email KFSMDigitalTeam@tegna.com and detail which story you're referring to.

Before You Leave, Check This Out