Ex-Plainfield Twp supervisor cops guilty plea over real-estate deal

Posted at 7:04 PM, May 17, 2018
and last updated 2018-05-17 19:04:22-04

GRAND RAPIDS, Mich. —  Former Plainfield Township supervisor Jay Spencer faces sentencing July 3 related to a real estate deal.

Kent County Prosecuting Attorney Chris Becker confirms to FOX 17 that Spencer entered a guilty plea to the felony charge of Engaging in the Business of Private Banking, which comes with a potential maximum sentence of four years in prison. Other felony charges , including embezzlement and larceny-by-conversion, were dropped as part of the plea deal.

Spencer, 54, was charged after being involved in a real estate deal that involved renovating and flipping a house. He was accused of misusing some money that a partner, Jolen Jackson, had invested in his business back in 2011.

Spencer was Plainfield Township supervisor for about four years. He did not run for re-election after his term in office expired in 2016.

The charges did not involve township money.