A Panama City Beach man who partied with money that had been donated in the name of injured soldiers will spend the next 5 years in prison
In February, 2012, Wood started promoting an event called “Tour De Beach.” The money raised by the motorcycle poker run was supposed to be donated to the Wounded Warrior Project.
Wood collected $13-20,000 from bikers and sponsors.
A month later, sponsors tried to contact Wood to find out how much had been raised, but he never returned their calls. So they contacted the Wounded Warrior Project and were told no donations had been received from Wood.
Police say when they questioned Wood in October, he told them he never intended to donate the money. Instead he spent it on parties and alcohol.
Wood pleaded no contest Friday to organizing a scheme to defraud, three counts of grand theft and five counts of petit theft.
Judge James Fensom sentenced woods to five years in prison followed by five years probation. He also has to pay back the money.