Grand Jury Indicts Three Including Former Ohio State Football Player

Grand Jury Indicts Three Including Former Ohio State Football Player

Preston J Harrison

A grand jury in Ohio has indicted Preston J Harrison, a former member of the Ohio State football team and Thomas E Jackson Jr stating the business partners bilked $9 million from investors in a sports drink manufacturing company that they drove into bankruptcy.

Harrison, Jackson, and Lovena E Harrison, Preston's wife, appeared in a Columbus federal court after their arrest but were not detained after the hearing.

The two men face 31 charges each of conspiracy, money laundering, and wire fraud. Harrison and his wife were charged with the false filing of income tax returns. The grand jury also accused Mrs. Harrison of avoiding reporting of income with improper structuring of deposits. 

The wire fraud charges carry maximum sentences of 20 years in prison each, while the money-laundering charges could result in 10 years in prison each. The maximum prison time for he structuring and tax charges is five years.

The indictment covers actions by the defendants related to a product called OXYwater. Investors were lured with false claims that the product contained more oxygen than other products of its kind. Jackson and Harrison also provided investors with false information about their personal investments in their company, employees, and salaries. Their lies continued with false profit data and sales figures when the company began operation.

Ohio State recruited Harrison from Columbus' South High School as a top quarterback prospect in 1992. The San Diego Chargers drafted him in 1995 as a linebacker but the athlete never played for the team.

Enhanced by Zemanta
BrutusReport.com
Tags: 2014 Buckeyes Football NCAA NCAA Tournament Ohio State
print





blog comments powered by Disqus

Sponsors

Ohio State 2017 Football Schedule

Saturday
Sep. 1 Beavers Oregon State Beavers
Ohio Stadium, Columbus, OH Noon ET
ABC
Buy Tickets

Saturday
Sep. 8 Scarlet Knights Rutgers Scarlet Knights
Ohio Stadium, Columbus, OH 3:30pm ET
BTN
Buy Tickets

Saturday
Sep. 15 Horned Frogs at TCU Horned Frogs
AT&T Stadium, Arlington, TX 8:00pm ET
ABC
Buy Tickets

Saturday
Sep. 22 Green Wave Tulane Green Wave
Ohio Stadium, Columbus, OH Time TBA
TV TBA
Buy Tickets

Saturday
Sep. 29 Nittany Lions at Penn State Nittany Lions
Beaver Stadium, University Park, PA Time TBA
TV TBA
Buy Tickets

Saturday
Oct. 6 Hoosiers Indiana Hoosiers (HC)
Ohio Stadium, Columbus, OH 3:30/4pm ET
TV TBA
Buy Tickets

Saturday
Oct. 13 Gophers Minnesota Golden Gophers
Ohio Stadium, Columbus, OH Time TBA
TV TBA
Buy Tickets

Saturday
Oct. 20 Boilermakers at Purdue Boilermakers
Ross-Ade Stadium, West Lafayette, IN Time TBA
TV TBA
Buy Tickets

Saturday
Nov. 3 Cornhuskers Nebraska Cornhuskers
Ohio Stadium, Columbus, OH Time TBA
TV TBA
Buy Tickets

Saturday
Nov. 10 Spartans at Michigan State Spartans
Spartan Stadium, East Lansing, MI Time TBA
TV TBA
Buy Tickets

Saturday
Nov. 17 Terrapins at Maryland Terrapins
Maryland Stadium, College Park, MD Time TBA
TV TBA
Buy Tickets

Saturday
Nov. 24 Wolverines Michigan Wolverines
Ohio Stadium, Columbus, OH Noon ET
FOX
Buy Tickets

Saturday
Dec. 1 Big Ten Big Ten Championship Game
Lucas Oil Stadium, Indianapolis, IN 8:00pm ET
FOX
Buy Tickets