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Former President Of Loan Company In San Luis Obispo County Sentenced To Five Years Behind Bars

Posted on Thursday, September 19, 2013 4:19pm

The former president of a loan company in San Luis Obispo County has been sentenced to five years in prison.

Candy Wells had entered no contest pleas to five counts of securities fraud, stemming from Paso Robles based Heritage Lending.

Prosecutors say clients lost more than $1.3 million dollars.

In addition to the prison sentence, it’s expected the 59 year old woman will be ordered to make restitution to her victims.

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