HILTON HEAD ISLAND, S.C. — A Hilton Head Island businessman accused of funneling investors’ money into personal expenses like house payments and purchases at Victoria’s Secret has been indicted on charges of criminal fraud.
The Island Packet reports 61-year-old John McIntyre was indicted by a grand jury Nov. 19 on three fraud charges related to his reported misuse of more than $600,0000 during his time as manager of seven local timber and biofuel companies from July 2007 to December 2012.
Investigators say McIntyre used money for personal expenditures and mislabeled them in company records. For example, money spent at Victoria’s Secret was entered as “Vic’s on the River.”
McIntyre faces a maximum sentence of 10 years and a fine of $50,000.
The newspaper’s attempts to reach McIntyre’s attorney, Robert Mathison, were unsuccessful.
Information from: The Island Packet, http://www.islandpacket.com