A Bryan woman is heading to jail after admitting to scheming more than 160 people with a fictitious program.
Lisa Smith will serve 70 months in prison after being sentenced Tuesday. She had pleaded guilty to 26 counts of mail and wire fraud after she conned investors out of $2.6 million in a genetic research grant program she had made up.
According to the Department of Justice, those investors were promised returns on their investment in the program, which Smith purported to be sponsored by Texas A&M. She also claimed to be a doctoral student at A&M.
Smith claimed to be doing research on the cattle when she asked investors to purchase the animals through her from Texas ranches
The 34-year-old will also have to pay back those millions in restitution and perform community service.
Her 70 months in prison are the result of sentences on each of the 26 counts that she will serve concurrently. Fourteen of the counts for which was convicted carried 60-month sentences, while the other 12 carried 70 months.