Top Executive Sentenced In ‘Made In USA’ Boots Scheme

by MR Magazine Staff

The top executive of a one-time leading manufacturer of boots for the U.S. military has been sentenced in a “Made in USA” scheme. A statement from U.S. Attorney J. Douglas Overbey says 66-year-old Vincent Lee Ferguson of Knoxville, Tennessee, was sentenced Monday to 41 months in federal prison for his role in a wire fraud conspiracy. The statement says Overbey was president and CEO of Wellco Enterprises Inc., which sold boots to the military that were falsely advertised as being made in the U.S. Read more at The Virginian-Pilot.