Owner Of Virginia Commercial Capital Corporation Gets 50 Months In Prison For $800K Fraud Case

U.S. Attorney Rick A. Mountcastle announced Tuesday the owner of Virginia Commercial Capital Corporation was sentenced to 50 months in prison for defrauding over 80 victims out of $847,000.

Judge And JuryFifty-four-year-old Robert Scott Mattingley of Lynchburg used his company to represent himself as a commercial broker who could “obtain favorable rates on loans for commercial projects” from 2008 and 2012, according to court documents.

To be eligible for these loans, Mattingley required his customers to make one or more cash deposits toward their loans. Instead of obtaining commercial loans for his customers, Mattingley kept their deposits and utilized them for personal expenses.

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