Man Sentenced for Selling Accounts Receivable of Fictitious Company


O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly $500,000. He was indicted in March 2000 on 10 counts.

Cornish sold Performance Financial an account receivable of Ј390,000, claiming a fictitious company called Manufacturing Technologies owed Dahcor that amount.

He was also convicted of forging an endorsement on a cheque for $114,000, as well as fraud involving a loan to another business he owned. By the time he was sentenced, Cornish had fired two attorneys and filed a number of affidavits complaining of everything from a judge’s facial expressions to an attorney who inadvertently offended him by showing the bottom of his shoe.

When the case ended, Cornish, acting as his own attorney, drew the maximum sentence possible under federal sentencing guidelines – 5 years, 11 months.

Source: The Commercial Appeal



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