Christopher Michael Nezer, 50, has been sentenced to serve a 51-month prison term for a fraud scheme he carried out in 2002 in connection with his operation of a Nashville company called Stencilco.
Nezer, who pleaded guilty to wire fraud in September 2009, admitted that he obtained more than $207,000 from about 20 persons who purchased sales territories from him, in various regions of the United States, for the distribution of a unique reusable stencil product which Nezer claimed he had invented and patented.
A larger question which looms in my mind is if he took a plea deal to avoid prosecution on matters related to the various (at least three) auto "restoration" businesses he owned. I know that two of them went belly up under highly suspicious circumstances, while the claims made for his 3rd "restoration" business were patently false. (He was claiming to have access to government money to build "green" cars, when I knew for a fact that the government hadn't finalized anything related to any such technology, much less started paying out money.)
So, I'd say that this counts as vindication to the comments Richard Jones made about the company so many years ago.
