Speight sentenced to eight years, eligible for parole in two and half years

Speight sentenced to eight years, eligible for parole in two and half years
A judge has sentenced a former real estate attorney to eight years in prison Friday morning in Weakley County court.
Max Speight, 64, of Dresden plead guilty in January of this year to several counts of theft after accusations surfaced regarding his clients’ accounts that were placed into a business venture that went bankrupt. Money placed into a 1030 account is intended to draw interest on real estate property transfers.
Speight was accused of not following the federal guidelines put in place for the real estate accounts his clients placed into his trust.
Judge Allen Wallace denied the request by Speight’s attorney to consider the case to have mitigating factors. Under mitigation, Speight would only have to serve 20 percent of his sentence.
Instead, Wallace ruled Speight would serve prison time as a Range One Standard offender. He was sentenced to eight years in prison, with the possibility of parole in two and a half years. Speight was also placed on probation for 11 years.
For details and testimony, see the Tuesday, April 29 edition of the Weakley County Press.

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