A Winston-Salem man will spend five years in prison for his role in several online schemes that stole more than $400,000 from people and businesses.
James Ragland, 29, pleaded guilty on Nov. 18 to one count of conspiracy to launder money, one count of conspiracy to commit wire fraud and 10 counts of engaging in monetary transactions in property derived from specified unlawful activity.
U.S. District Judge William L. Osteen Jr. sentenced Ragland on Friday to five years in prison. He placed Ragland on three years of supervised release once he gets out of federal prison and ordered Ragland to pay $312,014 in restitution to the victims. Ragland also is subject to a forfeiture money judgment of $369,464.