Federal Prison Time Given to Dave Martinelli

Updated: Mon 4:41 PM, Aug 02, 2004

A Federal Judge sentenced 64-year-old David Martinelli to the term Monday in Pensacola.

From 1995 to 2000 Martinelli ran three Panama City Beach companies that were supposed to help people sell their business.

Investigators say Martinelli would take an upfront fee from the business owners, then do very little to help them sell their business.

The judge also ordered Martinelli to pay a $150,000 fine. He’s he's already forfeited $4.4 million in property.

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