Business & Tech
Roscoes Ordered to Pay $10.2 Million
The father and son who owned the Cigarettes Cheaper! Chain must pay restitution to the bank they were convicted of defrauding, according to the Napa Valley Register.
A former Napa scoutmaster who ran for California governor in 2003 and his father, former owners of the national Cigarettes Cheaper! chain, have been ordered to pay more than $10 million in restitution to Comerica Bank, according to a report in the .
, and his 82-year-old father John were convicted more than a year ago of defrauding the bank and making false statements, the newspaper reports.
Ned Roscoe begins serving a five-year prison sentence in Oregon next week and his father was sentenced to home detention and probation, according to the Register report.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Do you subscribe to the Napa Patch newsletter? It brings our latest stories, blogs, announcements and the day's calendar events to your in-box early each morning. If you haven't signed up yet, you can do so by clicking here.
