A Belleville investment manager sent to prison for stealing over 60-million dollars from orphans and accident victims has been moved to a new prison.

The Belleville News-Democrat reports 69-year-old James Gibson is now in a medium security prison in West Virginia.  His first prison, in 2005, was the “Supermax”, the federal maximum security prison in Colorado.   He spent six years there.

Then Gibson was transferred several more times.

Based on good behavior, he’s now in a federal medium security prison in West Virginia.

His release date is 2039, when he’s 91.

Gibson also built a grocery store chain in St. Louis.  It failed when suppliers said they weren’t being paid.

Gibson fled the country and was found by the F-B-I living on his yacht in Belize in central America.

The East St. Louis judge who sentenced Gibson called him a “flim flam man of the first degree”.

Federal officials say Gibson still owes his victims 20-million dollars.

– Bob Hamilton, KMOX News



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