Raleigh, N.C. — The owner of an antiques store in Raleigh's Five Points district plans to plead guilty in an alleged scheme that generated at least $3 million, investigators said.
Between February 2006 and June 2007, Patricia Jacoby, the owner of POSH! Fine Arts and Antiques, lied to investors, authorities said. Court documents allege she told investors she purchased estate lots of antiques and promised a 22 percent return on the investment within 30 days
Jacoby has been found guilty in similar schemes twice before. In 2006, she pleaded guilty in Wake County, and investigators say she used money from the latest scheme to pay restitution in that case.
She is scheduled to enter a guilty plea in federal court in March.
Related Items
Video
Related Stories
![[search]](http://wwwcache.wral.com/presentation/v1/images/icons/16x12/search-form-icon.gif)
Site Search
Antiques Store Owner to Plead Guilty in Fraud Scheme
- Reporter: Kelcey Carlson
Copyright 2008 by WRAL.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News Alerts to your Email & Cell Phone2 Comments
-
- Ex-housekeeper gets life in women's beating deaths
Updated at 7:24 p.m. |
- Amid tough times, Raleigh economy experiencing growth
Updated at 7:06 p.m. | - Credit crunch could delay some Wake school projects
Posted at 7:11 p.m. | - U.S. study for road-funding alternatives looks to Triangle
Updated at 5:47 p.m. - Campaign appearances underscore N.C.'s importance
Updated at 7:24 p.m. |
- Ex-housekeeper gets life in women's beating deaths
- Most Viewed Slideshows
- Pet Photos | Sep. 29 - Oct. 5, 2008
Oct. 3, 2008 - The week in entertainment
Oct. 3, 2008 - The week in photos
Oct. 3, 2008
- Pet Photos | Sep. 29 - Oct. 5, 2008
STORIES
VIDEOS
SLIDESHOWS
IMAGES
BLOG POSTSAsk Anything
-
10 questions with a WRAL.com moderatorA WRAL.com moderator answers your questions about comments on stories, abuse reports and more.
-
10 questions with N.C. Secretary of Crime Control & Public SafetyBryan Beatty answers your questions about homeland security, gang prevention and illegal immigrants.
-
10 questions with Funeral Director David HeckelFuneral Director David Heckel answers your questions about embalming, cremation and burial.
top-voted stories
(14 votes) obama appears at asheville rally
(9 votes) museum is a tribute to a king
Multimedia
-
Watch 2008 debatesN.C. voters have two tough choices to make at leadership positions. Play back the debate video from races from president to lt. governor and see…
-
Voters talk about big issues of 2008Energy, the economy, health care and the war in Iraq resonate most with voters in the upcoming presidential election.
-
North Carolina upends UConn 38-12The Heels made a strong statement with their resounding victory over previously undefeated UConn Saturday night.
-
State comes up short against Boston College, 38-31N.C. State came back from a 14-point defecit in the 4th quarter against Boston College, but lost the game when the Eagles scored a touchdown with…
-
Biden, Palin debate issuesRepublican Sarah Palin and Democrat Joe Biden sparred over taxes, energy policy and the Iraq war in a high-profile debate Thursday night.
Welcome to GOLO, where WRAL.com visitors can comment on stories and create profile pages, blogs and photo galleries.
You must be a registered WRAL.com user to use these tools. Click here to register or log in.