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Allen Ferguson sentenced to 14 months

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Mary Ferguson supports her husband, Allen Mead Ferguson, as they enter the courthouse. (PHOTO: RichmondBizSense)

By Michael Schwartz

RICHMOND, Va. (RichmondBizSense.com) – Richmond socialite and former investment banker Allen Mead Ferguson was sentenced Friday to 14 months in federal prison for crimes of mail fraud and money laundering.

Ferguson, 75, was also ordered by U.S. District Court Judge Henry Hudson to pay $2.94 million in restitution. The judge will allow Ferguson to remain free until March 18, when he must report to a minimum security prison.

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