Neil Butler could face 100 years in prison.
A Jacksonville real estate investor was found guilty on four counts of possessing and passing fraudulent U.S. Treasury checks.
Neil Andre Butler, 46, president of NB Real Corporation Inc., was indicted Oct. 4 and elected to be tried by the U.S. District Court, without a jury.
According to evidence presented, based on an FBI investigation, Butler borrowed funds to purchase distressed properties, intending to refurbish and then sell them for a profit.
When his business, listed with the Florida Department of State at 6722 Arlington Expressway, began to fail, he manufactured and presented to creditors four fraudulent checks totaling more than $250,000, purportedly payable by the U.S. Treasury.
Butler faces a maximum penalty of 25 years in federal prison on each count. His sentencing hearing is scheduled Oct. 23.