MYRTLE BEACH (AP) — A former Myrtle Beach real estate agent has been sentenced to prison after failing to pay restitution.
Kevin Mayberry was ordered last year to make $500 monthly payments to PNC Bank because of a fraudulent real estate transaction, The Sun News of Myrtle Beach reported.
Mayberry had been sentenced to one day in jail if he paid restitution for the $500,000 transaction.
Mayberry has now been sentenced to nine months because of the failure to make the payments.
U.S. District Judge Bryan Harwell on Tuesday signed the order sending Mayberry to prison.
Mayberry must serve probation for 27 months after he is released from prison. He also must make the restitution payments. Harwell said he realizes Mayberry probably will not be able to pay full restitution, but he needs to “make a good faith effort toward this obligation.”
Mayberry acknowledged that he failed to disclose a $100,000 payment he received for the sale of a home in 2008. PNC Bank was not aware of the payment, which was made from mortgage loan proceeds.