Owensboro Man Sentenced to Prison for Fraud

An Owensboro businessman has been sentenced to eight years in prison and ordered to pay $1.6 million in restitution for a scheme to defraud investors in three states. G3 Capital Management owner Cody George was also ordered to forfeit the contents of three bank accounts totaling about $484,000 to go toward final restitution. George pleaded guilty to 11 counts of mail fraud. In addition to his Owensboro office, he admitted to setting up offices in Florida and Texas. Prosecutors say George mailed fraudulent certificates of deposit, deposited investor checks into an account in G3’s name and sent small interest payments to a Kentucky investor between December 2009 and April 2011.