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	The Greenville News
	305 S. Main St. PO Box 1688 Greenville, SC 29602 Newspaper in Educ. Community Involvement Our history Ethics principles Send: A story idea A press release A letter to the editor Find: A news story An editor or reporter An obituary

Owen gets eight years

Posted Wednesday, March 30, 2005 - 1:18 pm

By David Dykes
STAFF WRITER
ddykes@greenvillenews.com

Larry Owen spoke to the court to say he was sorry, before Judge Johnson pronounced sentence. Owen’s lawyer, Bill Bannister stands nearby.
KEN OSBURN / Staff

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Online extra
• Special coverage of Carolina Investors
Previous coverage
• Suit has couple 'in a mess'
• Victims dismayed at pace of justice
• Anne Owen to face trial Aug. 8
Photo gallery
• Photos from the sentencing

Former Carolina Investors Inc. President Larry C. Owen was sentenced this morning to eight years in prison.

Owen, 61, pleaded guilty in July to 22 counts of securities fraud related to the sale of notes and debentures by Carolina Investors, a subsidiary of HomeGold Financial Inc. He had been awaiting sentencing.

Owen was the first person to face criminal charges in what is one of the biggest bankruptcies in South Carolina history. About 12,000 people -- most from the Upstate -- lost an estimated $278 million when Pickens-based Carolina Investors closed in March 2003.

Thursday, March 31

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