Christmas Light Scammer Gets Jail
June 2nd, 2007 by Conquistador
Can you believe the nerve of some people? Bilking people out of money with a Christmas tree scam is just too low. Thought the fact that the investors were solicited for their cash at a bar might have something to do with the fact that she made off with so much money.
From the AP:
SALT LAKE CITY (AP) — If her invention had been real, she might have made big bucks. Instead, she gets coal in her stocking - and time behind bars.
Kristine Mylonakis, 45, was accused of fleecing more than 70 investors out of more than $56,000 by claiming she made cylindrical trim that keeps Christmas lights concealed until they are needed. She had no such invention and was sent to jail last week for six months.
“Time in the cooler is the perfect place for someone … to prove whether she is naughty or nice,” Attorney General Mark Shurtleff said Thursday.
In 2003 and 2004, a sister who worked at the Salt Lake County jail rounded up people there to invest in “Hide-A-Light,” Shurtleff’s office said.
Investors were also solicited at a bar while Mylonakis waved $100 bills and bought drinks. She pleaded guilty in March 2005 to third-degree felony securities fraud.
(Source)