Local News

Real-Estate Investor Sentenced in Federal Fraud Case

Posted February 13, 2007

— A real-estate investor who U.S. attorneys convicted of scamming people out of tens of thousands of dollars was sentenced Tuesday to more than 16 years in federal prison.

Prosecutors said that Jim Davis, through his companies Easy Financial Services and Eagle Investment Group, and builder David Layton orchestrated elaborate pyramid-like schemes where people -- investors, sellers, buyers, renters and homebuilders -- who bought in to the so-called development either lost money, had their credit ruined or both.

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  • DOG Feb 14, 2007

    clayton75/Sounds like you need to attend some anger management classes.Also your choice of words tell me something about you.

  • MzFang Feb 14, 2007

    "Earlier this year, Layton pleaded guilty to conspiracy charges."

    I would think that a "victim" would fight to clear his name??

  • svtigrz Feb 14, 2007

    clayton75---David Layton??? must be family. You may be correct in saying David was a victim as well but I can see how one would think that he had to of known something was fishy.

  • Crystal Amber Feb 14, 2007

    adarc3 -
    You are the stupid one by judging people on what you DON'T know!!!! I personally know David Layton and was THERE for the sentencing!!!! Jim Davis had MANY priors for fraud, while David Layton had No prior criminal record. He was as much a victim in this as the other people. David is a good man that made a mistake in poor judgement to trust that scum Jim, and now he's paying for it.
    So to any of you that think poorly of David for this, you can just F off!!

  • Tired of thoughtlessness Feb 14, 2007

    How do you do this to people?

  • Fence Straddler Feb 14, 2007

    Jim Davis & David Layton real criminals...WOW!!!!!
    This is good closure for those who lost money to these two criminals. Fed Pen is waiting.