Bowling Green Business Man Sentenced to Jail Time

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The owner of a now defunct Bowling Green investment firm was sentenced to 10 years in prison for theft by deception.

Brian Springer entered an Alford plea on Feb. 3. The Alford plea means he admitted no guilt but did concede that there may have been enough evidence for a jury convict him.

Thursday in court Springer tried to change his plea and take the case to trial. Springer's urgent appeal to Warren Circuit Judge John Minton was to set aside the plea from last February.

Springer's plea was denied and he was charged with 52 counts of theft by deception over $300.

Springer's victims said Springer sold them 20-year cd's and they thought they were buying one year cd's.

Springer's attorney said that a month after Springer made his Alford plea Springer received documents from a cd brokerage firm that he believes would have shown the victim they were buying 20-year cd's.

With this new evidence, Springer wanted the judge to set aside his plea and take the case to trial. Judge Minton denied Springer's motion and sentenced him to 10 years in prison.

Springer's attorney says he will appeal.

Springer is also facing federal charges of mail fraud and money laundering. He is set to be sentenced in U.S. District Court on those charges on Oct. 6.