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March 6, 2021
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CyberNet Sentencing
(2007-12-14)
(wgvu) - The final defendant in the CyberNET
fraud case has been sentenced to two and a half years in a federal
prison.
Fifty-eight-year-old Paul Wright was sentenced today in U.S.
District Court in Grand Rapids.
Wright was the personal assistant to CyberNET Group founder
Barton Watson and his wife, Krista.
Federal prosecutors say executives at the Grand Rapids
technology company cheated 40 or 50 lenders out of about $100
million.
Barton Watson shot himself to death three years ago.
His widow pleaded guilty in September to charges of income-tax
evasion and conspiring to commit bank fraud.
She was sentenced Tuesday to seven years in prison and ordered
to pay $73 million in restitution.
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