A 56-year-old attorney was sentenced this week to 27 months in prison for his role in the Villages of Penland land development scam in the North Carolina mountains, according to federal prosecutors.
Randy Alan Carpenter, who also was an engineer and appraiser, had been convicted of making false statements on his tax returns, according to the government. In addition to the prison term, he has been ordered to pay $507,995 in restitution to the Internal Revenue Service.
Carpenter is among six people convicted in the Penland case. The Villages of Penland was supposed to have been an upscale housing development in Mitchell County. Property was sold to investors for more than five years, until May 2007.
Carpenter was accused in the indictment of closing more than 300 residential real estate deals. Observer Staff Reports