realestate

Biden reduces prison term for Seven Falls real estate executive

President Biden commutes sentence of WNC real estate developer in Seven Falls project.

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resident Joe Biden has commuted the sentence of Keith Vinson, a Western North Carolina real estate developer involved in the failed Seven Falls project in Etowah. Vinson's 18-year prison sentence for fraud was among those commuted by the outgoing president. The Seven Falls project, initially planned as an upscale community with 900 homes and a golf course designed by Arnold Palmer, ultimately collapsed after Vinson filed for bankruptcy in 2009. He was later convicted of defrauding banks out of over $20 million through a scheme that led to his 2015 conviction.

Joe Biden reduces prison sentence for Seven Falls real estate executive.