COLUMBIA, S.C. AP – The state Supreme Court on Wednesday upheld the conviction of a former executive involved in one of the biggest bankruptcies in South Carolina history, turning down former HomeGold Chairman Jack Sterling’s appeal and affirming his five-year-prison sentence.
Sterling, 73, was found guilty of securities fraud in 2009 but has not been in jail since then. Allowed to remain free on $100,000 bail during his appeals, Sterling’s attorneys now have 15 days to ask the high court for a rehearing.
