ATLANTA (AP) -- An Alpharetta man will spend three years and five months in prison for his role in a scheme bilking a Colorado corrections facility project out of nearly $13 million.
U.S. attorney Sally Quillian Yates says Edgar J. Beaudreault Jr.
was part of an elaborate fraud scheme that involved the
construction of a prison.
In 2003, authorities say 61-year-old Beaudreault and San Diego
co-defendant Howard Sperling tricked Cornell Corrections of
California Inc. into transferring $13 million into an Atlanta
account that was supposed to be an escrow account for the purchase price of a Canon City, Colo., facility under construction.
But authorities say the pair actually wired the money to
accounts for their own personal use.
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