A Forest man who owned a Campbell County-based real estate management company was sentenced Wednesday to three and a half years in prison for an embezzlement scheme involving hundreds of thousands of dollars.






Penick


Timothy Darrell Penick, 39, of Forest, pleaded guilty to one count of wire fraud in U.S. District Court in Lynchburg in May 2021.

“This defendant violated the trust of his clients through his fraudulent behavior,” United States Attorney Christopher R. Kavanaugh said in a news release. “I am grateful for the work of the local, state, and federal law enforcement agencies that brought him to justice and will provide the victims in this case with restitution for the crimes committed against them.”

According to Assistant U.S. Attorney Michael Baudinet, Penick founded Lighthouse…

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