WASHINGTON, Oct. 23 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
AUSTIN, Texas - An Austinman was sentenced today to 41 months in federal prison for four counts of wire fraud and money laundering, announced U.S. Attorney Justin R. Simmons for the Western District of Texas.
According to court documents, John Stuart Robison, 63, convinced an investor to pay $1 million into a business bank account controlled solely by Robison. Robinson represented the money would go to benefit the University of Austin. The money was to be kept in an escrow account unless and until Robison raised an additional $1 million.
As part of the scheme, Robison lied to the investor about l...