WRAL.com: Raleigh, Durham, Fayetteville

Log in to WRAL.com with one click using your favorite social network:

Register with WRAL.com using your favorite social network:

5:05 p.m. • 5-22-13

86°F

Weather Forecast for Raleigh

Thu: Thunderstorm.
- Hi: 83° F
Fri: Partly Cloudy.
- Hi: 74° F
Sat: Clear.
- Hi: 72° F

Other Locations

7 Day Forecast

Alert

Breaking News: The state Senate has tentatively approved its version of the state budget on a party line, 33-17, vote. A second vote will be held Thursday before the measure goes to the state House.

Posted: January 30, 2008

Antiques Store Owner to Plead Guilty in Fraud Scheme

Site Search

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.

Reporter: Kelcey Carlson

Get News Alerts to your Email & Cell Phone

2 Comments

WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

2 COMMENTS

This story is closed for comments.

Latest Comments

Sounds like she was truly robbing Peter to pay Paul.

beachboater
January 31, 2008 11:21 a.m.

I guess the people she flim-flammed never heard the adage "If it sounds too good to be true then it probably isn't true." 22 percent in thirty days sounds too good to be true. Obviously she believes in the P T Barnum adage "There's a sucker born every minute". Old PT was right.

Fishman
January 30, 2008 4:34 p.m.

2 COMMENTS