Shreveport man who scammed the elderly of $253,000 gets 8 years hard time
POSTED: Wednesday, May 30, 2012 - 12:56pm
UPDATED: Wednesday, May 30, 2012 - 1:32pm
SHREVEPORT, LA — A man found guilty of scamming the elderly of more than $253,000 was sentenced to eight years in jail on Tuesday.
Stanley Mangham, 49, of Shreveport, pled guilty in April to stealing assets from aged or disabled people.
Mangham was employed as an agent with an investment company and stole money from the three victims after convincing them they were investing their money with a company. The victims wrote checks as investments, but Mangham did not invest the checks. He instead negotiated them through a bank account he opened under B&C Floor Company. Mangham stole $253,900 from December 2008 through March 2011. All three victims were over the age of 65.
The scam artist will serve eight years behind bars doing hard labor, pay a $3,000 fine and is ordered to pay the victims over $200,000 after he is released from prison.
Mangham received the full eight years with no suspension of any portion of the sentence. The judge also ruled the sentence to run consecutive with any other convictions. He is still under investigation by the Caddo Sheriff’s Office for other offenses.