A federal grand jury indicts a Parkersburg man linked to a several hundred thousand dollar investment scheme.
53 year old Lloyd Carr is charged with mail fraud, wire fraud, money laundering, and insurance fraud.
Police say he was an independent insurance sales agent in Parkersburg. The insurance companies he claimed to work for were fake.
The 35 count indictment, filed Wednesday, says from 2008 to April of this year, Carr devised a sceme to take people's money by false pretenses.
Police say he took some of that money to pay for his extravagant lifestyle.
If convicted, Carr faces up to 35 years in jail, plus a fine of 250 thousand dollars on each count.
