Lacey gets 10 years for shady real estate dealings
nbc12 is reporting that slumlord Donald Lacey “was sentenced in the Federal Courthouse in Richmond to 121 months on Count 1 and 120 months on Count 2. The sentenced will be served out concurrently.” Lacey’s companies bought vacant houses (almost 100 in the Church Hill area) and were to “renovated [the] fixer-uppers using investors’ money” but instead apparently burned through millions of dollars of investor money on vacation homes, boats, and expensive cars.
“Don’t do the crime if ya can’t do the time”.
That’s two slumlords down on my block. One more to go.
Any news on where Oliver Lawrence is these days? Has he finished his sentence? Good news – I’ve seen two of his old properties bought and people working on them.