WASHINGTON -- Robert Buchanan Jr., has been found guilty by a federal court jury in Greenville, S.C., of securities and mail fraud as well as conspiracy in connection with a $16 million bond issue he underwrote for a South Carolina retirement project.

Nursing home mogul Charles Donald Stone, the developer of the financially troubled Skylyn Hall retirement center in Spartanburg, S.C., and his development and equipment supply firms -- Unico Development Services Inc. and United Medical and Surgical Supply Corp. -- were also convicted of the same charges on June 22 in the U.S. District Court for the District of South Carolina.

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