Financial Talker Sentenced On Mail Fraud Charge
February 3, 2010 at 1:47 PM (PT)
A financial advisor who brokered time on ENTERCOM Talk WILK-A-F-WKZN-A-WBZU-A (WILK NEWS RADIO)/SCRANTON-WILKES BARRE-HAZELTON has been sentenced to three years and nine months in jail and restitution payments of about $600,000 after pleading guilty last year to a charge of mail fraud.
JAMIE P. LAKE, owner of JPL FINANCIAL and host of paid program "MONEY IN MOTION" and daily "IT'S YOUR MONEY" paid features, allegedly defrauded over 30 customers out of over $600,000, and pleaded guilty in 2009 to a federal mail fraud charge. His sentencing this week, reported by WILK, averted the maximum sentence of 20 years in prison and $1.2 million in fines.