The state made its first criminal prosecution under the State's Commodities Act according to Attorney General Alan Wilson.
From stealing funds from a 65 year old Anderson victim to soliciting investment in a company through the use of false materials, 39 year old Matthew Joseph Jones pled guilty last October to breach of trust, obtaining money or property under false pretenses, securities and commodities fraud, and other charges.
According to the Attorney General, Jones admitted he intentionally and willfully lied to the victim, whom he personally targeted to get money from. He then used that money for beach vacations and other travel according to the A-G.
This isn't the first time for Jones, in 2011 he pled guilty to felony securities fraud, but received no jail time.
On Tuesday, Jones was sentenced to 10 years in prison, suspended to 90 days in jail, followed by five years of probation, plus restitution. To read the full press release from the South Carolina Attorney General Alan Wilson, click here.