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Norton, Va., coal firm owner pleads guilty to defrauding Eastman

June 25th, 2013 11:21 am by Matthew Lane, NET News Service

Norton, Va., coal firm owner pleads guilty to defrauding Eastman

GREENEVILLE — The owner of a Norton, Va., coal marketing company has agreed to plead guilty to a federal wire fraud charge in connection with a scheme where he sold low quality coal to Eastman Chemical Co.

A federal indictment charged Dale Edward Stanley with 22 counts of wire fraud in connection with the scheme. The indictment was filed in U.S. District Court in Greeneville in November 2012.

Stanley, of Clintwood, Va., pleaded guilty to one count of the indictment earlier this year and is scheduled to be sentenced Oct. 21. He faces a maximum sentence of 20 years in prison and a $250,000 fine.

Read more about the plea at TimesNews.net.

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