KNOXVILLE, Tenn. – A Lenoir City woman was sentenced to five years in prison for her role in an elder fraud scheme that defrauded victims of over $400,000.
Christina Erin Myers, 39, was sentenced by the Honorable Katherine A. Crytzer, United States District Judge for the Eastern District of Tennessee, to serve 63 months in federal prison for her wire fraud and money laundering convictions. In addition to her prison sentence, Myers was also ordered to pay more than $400,000 in restitution to her victims.
The scheme, which began in 2019, involved Myers diverting funds from elderly victims for the purchase of real estate from Tennessee Baptist Adult Homes, marketing non-existent senior communities, and promoting fictitious investment opportunities. Myers admitted to failing to invest the funds as promised and diverting them for her personal benefit without the knowledge or authorization of her victims.
According to court records, Myers pleaded guilty to one count of wire fraud and one count of money laundering. Her plea agreement detailed the extent of her crimes, including making financial transactions with the stolen funds to keep her scheme going.
The investigation into Myers’ crimes was conducted by the Internal Revenue Service – Criminal Investigation, the Lenoir City Police Department, and the Tennessee Highway Patrol. Assistant U.S. Attorney Frank M. Dale, Jr. represented the United States in court.
Myers’ sentence serves as a reminder of the importance of protecting vulnerable members of our community from financial exploitation. Elder fraud schemes can have devastating consequences, leaving victims financially and emotionally drained.
As the investigation into Myers’ crimes comes to a close, the community can take comfort in knowing that justice has been served. However, it is essential to remain vigilant and report any suspicious activity to the authorities to prevent similar schemes from unfolding in the future.
In the meantime, victims of elder fraud can seek help and support from organizations such as the National Adult Protective Services Association and the Federal Trade Commission’s Elder Consumer Project.
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Key Facts
- State: Tennessee
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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