Click Here

Antiques Store Owner to Plead Guilty in Fraud Scheme

Patricia Jacoby

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.



2 Comments


Golo

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.

View Comments View Comments

Photo Spotlight
0
1
2
3
4
5
[+] more photos | submit your photos
Report It
Send us your news photos, videos, tips and story ideas.
Submit Videos Submit Photos Submit Reports
  1. 2009christmasparade
    Bands, marchers in holiday parade

    Choose your group to watch their performance in the 2009 WRAL-TV Raleigh Christmas Parade.

  2. 2009christmasparade26
    Web only: Complete 2009 WRAL-TV Raleigh Christmas Parade

    Watch the parade in its entirety from the comfort of your computer any time.

  3. taxes
    Search for missing IRS refunds

    The Internal Revenue Service released the names this week of more than 100,000 taxpayers who have not received their 2009 income tax refund.

  4. County Unemployment Rates
    North Carolina unemployment rates

    View an interactive map with county unemployment numbers.

  5. Drought Map
    A year of N.C. Drought Maps

    View a time lapse animation of drought conditions during the last year.

Click Here