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The Franklin News-Post
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
540-483-5113
Fax: 540-483-8013

Callaway man guilty of internet scam, jury says
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Jeff Overstreet

Friday, January 18, 2013

By KEN BRADLEY - Staff Writer

A Callaway man could serve 18 years in prison for an internet scam after being convicted Tuesday of 20 charges in connection with online transactions.

After a two-day trial, a jury found Jeffrey Lynn Overstreet, 46, guilty of 12 counts of obtaining money under false pretense, four counts of not filing tax returns, three counts of operating a business without a registration certificate and one charge of money laundering.

The jury of seven women and five men spent 45 minutes in deliberations before presenting guilty verdicts. The jury then returned to consider sentencing and recommended a sentence of 18 years and two months in prison.

In addition to the sentence, the jury also recommended Overstreet pay fines of $136,000.

Overstreet will be sentenced by Franklin County Circuit Court Judge W.N. Alexander II on March 4 at 3 p.m.

Overstreet essentially used an online auction site between July 2008 and February 2012 to offer auto parts for sale, according to Assistant Commonwealth's Attorney Patrick Nix.

"Overstreet was offering the parts over the internet, receiving the money from buyers but never sending the parts to the buyers," Nix said.

At some point, Overstreet was banned from the internet auction site and that was when he continued the scam by using other people's names and banking accounts to transfer the money, Nix said.

Overstreet was initially charged with 34 counts in connection with the internet scam and had faced a maximum sentence of 50 years and a fine of $500,000.

Four of the charges were dropped (nolle prossed), two charges were dismissed and several money laundering charges were combined into one count.

 
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