Scam artist ordered to pay $2.9 million to victims | Crime
A Huntsville man who pled guilty to swindling investors will have to pay $2.9 million dollars to his victims.
Harry "Woody" Duncan was accused of selling unregistered promissory notes on behalf of his auto title business last November. In August, he pled guilty and was sentenced to 20 years in prison. He'll serve five and be on suspended sentence for the remaining 15.
This week, Judge Jim Smith ordered Duncan to pay a total of $2,981,613 in restitution to his victims. The eight original victims in the case are all owed $927,500.
The ASC cautions potential investors to thoroughly scrutinize and research any investment opportunity or offer. Contact the ASC with inquiries concerning securities broker-dealers, agents, investment advisers, investment adviser representatives, financial planners, registration status of securities or debt management programs, to report suspected fraud or to obtain consumer information. The ASC provides free investor education and fraud prevention materials in print, on our website and through educational presentations upon request.