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Thursday, Apr 19, 2018
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Former Savtira CEO Timothy Roberts given 6.5 years in prison

TAMPA — The long saga of the now-defunct Savtira Corp. may be finally over. Timothy Roberts, former CEO of the once-Tampa Bay tech darling, was sentenced to six-and-a-half years in federal prison Friday.

Savtira was an online platform where companies would be able to operate their web stores and games.

The sentencing comes more than a year after his guilty plea last January to wire fraud. He and the company’s then-chief financial officer, Terrance Taylor, were accused of defrauding Savtira investors and lying about how investor money was being spent. They will be required to pay back about $5.8 million to the victims.

Previous coverage: Executive at Tampa tech firm Savtira sentenced to 5 years in prison

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Taylor was sentenced to five years in prison in December after pleading guilty to conspiracy to commit wire fraud.

Contact this reporter at [email protected] or (727) 892-2249. Follow @malenacarollo.

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