Woman sentenced in Texas gold investment scheme


DALLAS (AP) — The second of two people convicted of defrauding Dallas-area investors in a gold investment scheme has been sentenced to nearly three years in prison.

Forty-nine-year-old Annetta Lou Smith was sentenced Thursday in federal court. She and 54-year-old Warren Michael Hills of New Orleans pleaded guilty in January to conspiracy to commit wire fraud.

Hills was sentenced earlier this month to just over a year in prison.

Prosecutors say Smith in August 2013 fled North Texas ahead of a pending indictment. She was found days later at JFK International Airport in New York, awaiting a flight to the West African country of Ghana.

Authorities say the pair recruited investors in 2010 to purchase gold from Ghana. Money was wired to an account in Ghana but no gold was ever mailed to the investors.

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