Charlottesville businessman Dandridge gets 7 years for defrauding best friend's widow out of $3.2M
RICHMOND — A Charlottesville businessman who defrauded his best friend’s widow out of $3.2 million was sentenced to seven years in prison Thursday.
In pleading guilty in July to wire and bank fraud, Victor M. Dandridge III, 53, also admitted to defrauding the Blue Ridge Bank and the Virginia Omicron Chapter House Association of Sigma Alpha Epsilon fraternity. He said Thursday that he did so to rescue his failing businesses and believed he would be able to pay the money back.
Dandridge faced up to 70 years in prison. However, federal sentencing guidelines called for a term of 6½ years to slightly more than nine years.
The principal victim in the case, Lynne Kinder, of Richmond, identified in federal court documents only as “L.K.,” read a statement to U.S. District Judge Henry E. Hudson before the sentencing that described the pain and hardship that Dandridge’s betrayal caused her and her children.
Read more: http://www.dailyprogress.com/news/local/charlottesville-businessman-dandridge-gets-years-for-defrauding-best-friend-s/article_2ebd8547-2f5b-5c57-855e-557b023a9669.html
