Man whose fraud bankrolled son’s NASCAR career gets prison

U.S. & World

MARTINSVILLE, VA – MARCH 27: Justin Boston, driver of the #54 Zloop Toyota, practices for the NASCAR Camping World Truck Series Kroger 250 at Martinsville Speedway on March 27, 2015 in Martinsville, Virginia. (Photo by Matt Sullivan/Getty Images)

HICKORY, N.C. (AP) — A North Carolina businessman who authorities say defrauded investors while bankrolling his son’s NASCAR career has been sentenced to prison.

The Charlotte Observer reports that 54-year-old Robert Boston was sentenced to 10 years in prison Monday. According to a release from U.S. Attorney Andrew Murray’s office, Boston owes more than $27 million to victims after being found guilty of wire fraud, securities fraud, money laundering and conspiracy in December.

Boston founded electronic waste recycling firm Zloop in 2012. Prosecutors say he concealed a history of bankruptcy and past fraud issues from franchise owners and investors.

His son, Justin Boston, drove in NASCAR’s Camping World Truck Series in a truck emblazoned with Zloop’s logo. According to court filings, Kyle Busch Motorsports terminated the two-year, $6 million contract in 2015 for missed payments.

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