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East Tennessee armored car company owner sentenced for embezzlement

KINGSPORT, Tenn. (AP) -- The founder of a Kingsport armored vehicle business has received a 30-day prison sentence for embezzling $7,000 from the company.

Jeffrey Scott Tankersley pleaded guilty in U.S. District Court in Greeneville in September to one count of embezzlement of more than $1,000.

U.S. District Judge Ronnie Greer sentenced Tankersley on Monday to 30 days in prison to be served intermittently in time periods of not less than 48 hours. He was also sentenced to five years probation and ordered to pay $39,000 in restitution.

Tankersley was the president and owner of Capital Armored Services, which provides transport and security services for banks and other financial institutions within the Tri-Cities.

In August, company officials discovered coinage missing from its vault and contacted the FBI. Prosecutors say Tankersley admitted to embezzling $7,000 in $1 coins on three occasions last summer.

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(Copyright 2008 by The Associated Press. All Rights Reserved.)


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