A North Carolina businessman who authorities say defrauded investors while bankrolling his son's NASCAR career has been sentenced to prison.
The Charlotte Observer reports that 54-year-old Robert Boston was sentenced to 10 years in prison Monday. According a release from U.S. Attorney Andrew Murray's office, Boston owes more than $27 million to victims after being found guilty of wire fraud, securities fraud, money laundering and conspiracy in December.
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Boston founded electronic waste recycling firm Zloop in 2012. Prosecutors say he concealed a history of bankruptcy and past fraud issues from franchise owners and investors.
His son, Justin Boston, drove in NASCAR's Camping World Truck Series in a truck emblazoned with Zloop's logo. According to court filings, Kyle Busch Motorsports terminated the two-year, $6 million contract in 2015 for missed payments.
Information from: The Charlotte Observer, http://www.charlotteobserver.com