Fmr. Commissioner Pleads Guilty To Theft, Fraud Charges
NASHVILLE, Tenn.-A former Robertson County commissioner accused of preying on residents looking for investments entered a guilty plea in Davidson County Courts.
Court officials said that Edward Shannon Polen was scheduled to go on trial in April, but on Wednesday entered a plea of guilty. Polen pled guilty to two counts of theft of property of $60-thousand or more, and two counts of securities fraud.
Polen was accused of scamming a local Robertson County man in an investment fraud plan. Court records indicated that Polen approached the victim and offered him an opportunity to invest in farm equipment. After the victim paid Polen more than $250,000, the victim learned no equipment had been purchased.
Police said Polen never invested the money. He used most of it to pay off tax debts he owed.
Polen was scheduled to be sentenced on the charge on June 14, 2012.