The expression "when pigs fly" indicates a lack of probability of something happening. A proposed pig insemination farm never took off, either.
The only thing that flew was the money two investors entrusted to Jason E. Schwartz, of North Baltimore, in 2007.
Schwartz was sentenced to 180 days in the Wood County jail and ordered to pay $127,500 in restitution on Tuesday afternoon for bilking the "investors."
He was sentenced on two second-degree felony offenses of unlawful securities practices. His attorney characterized his client's business plan as "ill conceived."
One of the investors told the Sentinel-Tribune, Schwartz "burned through" the $120,000 of an initial investment in the proposed farm to be located in Bucyrus. The investor and a friend each invested $60,000 initially, while he later sunk another $20,000 into the failed operation.
The farm was to have been a livestock production facility where sows would be artificially inseminated to produce piglets for sale.
Schwartz, 39, received the investments between Oct. 1, 2007 and Aug. 1, 2008. He was indicted last August with two counts of unlawful securities practices, passing bad checks and aggravated theft. Through the plea agreement, Schwartz entered a no contest plea in March to the reduced second-degree offenses. Per the agreement, the latter two charges were dismissed at sentencing Tuesday.
The only thing that flew was the money two investors entrusted to Jason E. Schwartz, of North Baltimore, in 2007.
Schwartz was sentenced to 180 days in the Wood County jail and ordered to pay $127,500 in restitution on Tuesday afternoon for bilking the "investors."
He was sentenced on two second-degree felony offenses of unlawful securities practices. His attorney characterized his client's business plan as "ill conceived."
One of the investors told the Sentinel-Tribune, Schwartz "burned through" the $120,000 of an initial investment in the proposed farm to be located in Bucyrus. The investor and a friend each invested $60,000 initially, while he later sunk another $20,000 into the failed operation.
The farm was to have been a livestock production facility where sows would be artificially inseminated to produce piglets for sale.
Schwartz, 39, received the investments between Oct. 1, 2007 and Aug. 1, 2008. He was indicted last August with two counts of unlawful securities practices, passing bad checks and aggravated theft. Through the plea agreement, Schwartz entered a no contest plea in March to the reduced second-degree offenses. Per the agreement, the latter two charges were dismissed at sentencing Tuesday.