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Last updated on Thursday, November 19, 2009
(INDIANAPOLIS, IN) - The founder of Premier Properties USA will not spend time in jail.
52-year-old Christopher P. White was sentenced Wednesday to a year on home detention and he must pay back $382,000 dollars to the bank that cleared his company's payroll check.
White was found guilty in august of check fraud, theft and fraud on a financial institution.
Prosecutors said white authorized a half-million dollar check to cover his company's payroll, but an investment deal he had hoped would cover it never materialized.
The kited check, written on a National Bank of Indianapolis account, bounced.
White's company, Premier Properties USA, developed the Metropolis Mall in Plainfield and properties in other states.
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