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| No hiding the magic of Christmas |
| By The Associated Press |
| Published: 06/11/2007 |
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SALT LAKE CITY, UTAH - If her invention had been real, she might have made big bucks. Instead, she gets coal in her stocking - and time behind bars. Kristine Mylonakis, 45, was accused of fleecing more than 70 investors out of more than $56,000 by claiming she made cylindrical trim that keeps Christmas lights concealed until they are needed. She had no such invention and was sent to jail last week for six months. "Time in the cooler is the perfect place for someone ... to prove whether she is naughty or nice," Attorney General Mark Shurtleff said. In 2003 and 2004, a sister who worked at the Salt Lake County jail rounded up people there to invest in "Hide-A-Light," Shurtleff's office said. Investors were also solicited at a bar while Mylonakis waved $100 bills and bought drinks. She pleaded guilty in March 2005 to third-degree felony securities fraud. |
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