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.