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In 2003, Calhoun, Jr., pleaded guilty to bilking the U.S. government and various investors out of $2.5 million;<ref name=stimes/> specifically, two counts of wire fraud and one count of conspiracy to commit equity skimming. He was fined $1 million and served two five-year prison sentences consecutively.<ref>{{cite web|url=http://caselaw.findlaw.com/us-5th-circuit/1104651.html|title=United States Court of Appeals, Fifth Circuit. USA, Plaintiff-Appellee, v. Maurice Riemer CALHOUN, Jr., Defendant-Appellant|publisher=caselaw.findlaw.com|date=
In 2003, Calhoun, Jr., pleaded guilty to bilking the U.S. government and various investors out of $2.5 million;<ref name=stimes/> specifically, two counts of wire fraud and one count of conspiracy to commit equity skimming. He was fined $1 million and served two five-year prison sentences consecutively.<ref>{{cite web|url=http://caselaw.findlaw.com/us-5th-circuit/1104651.html|title=United States Court of Appeals, Fifth Circuit. USA, Plaintiff-Appellee, v. Maurice Riemer CALHOUN, Jr., Defendant-Appellant|publisher=caselaw.findlaw.com|date=
August 26, 2004|accessdate=October 26, 2014}}</ref> Some of Calhoun's investors faced the loss of [[Internal Revenue Service]] tax credits received through the illegal business practices.<ref name=stimes/> Calhoun was released from the Bureau of Prisons on February 19, 2008.<ref>{{cite web|url=http://www.bop.gov/inmateloc/|title=Maurice Riemer Calhoun, Jr.|publisher=bop.gov|accessdate=December 26, 2020}}</ref>
August 26, 2004|accessdate=December 26, 2020}}</ref> Some of Calhoun's investors faced the loss of [[Internal Revenue Service]] tax credits received through the illegal business practices.<ref name=stimes/> Calhoun was released from the Bureau of Prisons on February 19, 2008.<ref>{{cite web|url=http://www.bop.gov/inmateloc/|title=Maurice Riemer Calhoun, Jr.|publisher=bop.gov|accessdate=December 26, 2020}}</ref>
The senior Calhoun died in 1994 at the age of eighty-five. He is interred at Highland Cemetery in Mansfield.<ref name=findagrave/>
The senior Calhoun died in 1994 at the age of eighty-five. He is interred at Highland Cemetery in Mansfield.<ref name=findagrave/>