Former Auburn businessman sentenced to 10 years in prison for investment fraud

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Posted: Monday, November 18, 2013 7:19 pm

On Monday, a former business associate of Tommy Tuberville was sent to the state penitentiary for defrauding investors millions of dollars.

Circuit Judge Jacob A. Walker III sentenced John David Stroud, 42, of Auburn to 10 years in prison Monday morning during a sentencing hearing, in addition to denying probation. Stroud had previously pleaded guilty to fraud securities trading and was ordered to pay over $2.14 million to 12 investors.

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