The fraud/embezzlment case my uncle initiated is finally moving forward, with an indictment finally handed down last week.
On Wednesday, South Carolina U.S. Attorney Reginald I. Lloyd announced that a federal grand Jury in Charleston had returned a four-count indictment against Lillian Pair of Summerville, oncharges of wire fraud.
The indictment alleges that from February 2005 through March 2006, Pair, 41, made a series of fraudulent representations to induce investors to invest money in her company, Low Country Concrete, and then used the investors’ money for personal gain. The indictment alleges that the investors’ money was wired in interstate commerce from New Jersey to Charleston.
Pair faces a maximum penalty of $250,000 and/or 20 years in prison.
The case was investigated by agents of the Federal Bureau of Investigation.