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Salisbury man gets 10 years in fraud case

Posted July 26th, 2013 @ 8:05am

CHARLOTTE, N.C. (AP) _ A Salisbury man who prosecutors say used elaborate stories to defraud friends, charitable groups and investors has been sentenced to 10 years in prison.
U.S. District Judge Robert Conrad on Thursday ordered 52-year-old John Knox Bridges to also pay more than $1.5 million in restitution.  Bridges also must serve three years of court supervision after his release.
Bridges pleaded guilty to securities fraud and money laundering last year. Prosecutors say he took more than $2.3 million.
He was supposed to be sentenced in January, but was later caught hiding in a church basement with a shotgun. He had been in jail since then.
Prosecutors say Bridges told several people he would invest their money in a Texas oil company. Prosecutors say he used the money for travel and personal expenses.

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