RegulationPrimary source

Ponte Vedra Beach Man Sentenced to Federal Prison for Fraud Scheme Involving COVID-19 Personal Protective Equipment

Jacksonville, Florida – James Elliott Davis, II (37, Ponte Vedra Beach) has been sentenced by U.S. District Judge Jordan Pratt to seven years and seven months in federal prison in connection to his guilty plea to bank fraud, wire fraud, money laundering, and theft of mail. As part of his sentence, the court ordered the forfeiture of the proceeds of the crimes, which cumulatively totaled $6,726,800. Further, the...

What happened

Jacksonville, Florida – James Elliott Davis, II (37, Ponte Vedra Beach) has been sentenced by U.S. District Judge Jordan Pratt to seven years and seven months in federal prison in connection to his guilty plea to bank fraud, wire fraud, money laundering, and theft of mail. As part of his sentence, the court ordered the forfeiture of the proceeds of the crimes, which cumulatively totaled $6,726,800. Further, the...

Why it matters

The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

  1. U.S. Department of JusticePrimary source · Supports · EN · 100%
    Ponte Vedra Beach Man Sentenced to Federal Prison for Fraud Scheme Involving COVID-19 Personal Protective Equipment

Claims

  • Ponte Vedra Beach Man Sentenced to Federal Prison for Fraud Scheme Involving COVID-19 Personal Protective Equipment Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

  1. First reported
  2. Primary source · 62/82%

Market move following event

Market reaction is not yet available for this asset and time window.

Score explanation

Confidence · formula confidence-2.1.0
Source trust97
Independent corroboration51
Primary evidence100
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude76
Market relevance88
Entity significance42
Market breadth45
Novelty68
Urgency72
capital magnitude29
Ranking · formula rank-1.0.0
Confidence factor0.9235
Freshness factor0.7567
Breaking bonus0
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