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Posted: February 13, 2007

Real-Estate Investor Sentenced in Federal Fraud Case

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Jim Davis

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Jim Davis
Raleigh, N.C. — 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.
Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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6 Comments


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Latest Comments
clayton75/Sounds like you need to attend some anger management classes.Also your choice of words tell me something about you.
DOG
February 14, 2007 7:07 p.m.
"Earlier this year, Layton pleaded guilty to conspiracy charges."

I would think that a "victim" would fight to clear his name??
MzFang
February 14, 2007 5:12 p.m.
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.
svtigrz
February 14, 2007 1:23 p.m.
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!!
Crystal Amber
February 14, 2007 1:03 p.m.
How do you do this to people?
Tired of thoughtlessness
February 14, 2007 9:08 a.m.
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