TAMPA — A federal judge has sentenced Terrance Taylor, former executive of now-defunct Tampa technology company Savtira Corp., to five years in prison for a fraud scheme against Savtira investors, a federal court filing said.
Taylor, who served as the firm's chief financial officer, pleaded guilty earlier this year to conspiracy to commit wire fraud. Savtira, once a darling of the Tampa Bay business world, was forced into liquidation after declaring bankruptcy in 2012.
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In addition to his prison sentence, the Dec. 20 filing said, Taylor is also required to pay $3.34 million to victims of the fraud, and to forfeit $101,313 — the amount he netted in the scheme. Timothy Roberts, Savtira's founder/CEO and Taylor's partner in the scheme, will be sentenced for his involvement in mid-March. He also pleaded guilty to wire fraud in January.