Business

Ind. woman convicted of online investment fraud

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FRANKLIN, Ind. (AP) — An Indianapolis woman has been sentenced to four years in prison after she was convicted of defrauding investors in an Internet business venture.

Sixty-seven-year-old Wanda Robertson pleaded guilty to securities fraud charges this week in a Johnson County court. She also was ordered to repay the victims a total of $170,000.

Authorities say Robertson solicited investors through the Web site Craigslist for a scheme where they would be paid for use of their credit histories to obtain loans for her business.

The charges resulted from an investigation by state police and the Indiana secretary of state’s office.