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News / Business / Business Briefs

Top executive sentenced in ‘Made in USA’ boots scheme

By Associated Press
Published: August 8, 2018, 4:47pm

GREENEVILLE, Tenn. — The top executive of a one-time leading manufacturer of boots for the U.S. military has been sentenced in a “Made in USA” scheme.

A statement from U.S. Attorney J. Douglas Overbey says Vincent Lee Ferguson, 66, of Knoxville, Tenn., was sentenced Monday to 41 months in federal prison for his role in a wire fraud conspiracy.

The statement says Ferguson was president and CEO of Wellco Enterprises Inc., which sold boots to the military that were falsely advertised as being made in the U.S.

Prosecutors say he conspired with his executives to import boots made in China.

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