Chapin Man Sentenced on Bank Fraud Charges Deriving from Sale of Myrtle Beach Property

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COLUMBIA, SC – November 22, 2011 – (RealEstateRama) — United States Attorney Bill Nettles stated today that Kenneth Paul Holmes, age 48, of Chapin, South Carolina, was sentenced in federal court in Florence, South Carolina, for conspiracy to commit bank fraud, a violation of 18 U.S.C. § 1349. United States District Judge Terry L. Wooten of Florence sentenced Holmes to five months’ imprisonment and ordered him to pay $2,488,398.00 in restitution.

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