She Just Can’t Stop,|Prosecutors Say

LOS ANGELES (CN) – A Corona woman awaiting trial on $15 million bank fraud and bankruptcy fraud charges was arrested Tuesday on a new charge of wire fraud, federal prosecutors said.
     Carolyn Marie Jones, 51, was out on bond awaiting a Sept. 23 trial for bank fraud and bankruptcy fraud involving a blue jeans company she ran, with the labels Privacywear and PRVCY Premium. According to that indictment, prosecutors said, Jones got a $15 million line of credit from Union Bank, using false financial statements, false tax returns and someone else’s Social Security number. She also hid from the bank that she had a felony record and had filed for bankruptcy, the U.S. Attorney’s Office said in a statement. When Jones defaulted on the $15 million loan, she allegedly hid assets from the bank.
     On the charge for which she was arrested Tuesday, she is accused of defrauding two men from Georgia by persuading them to invest with her, and spending their money on herself.
     If convicted, Jones faces up to 489 years in federal prison on the first charges, and up to 20 years on the new ones.

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