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Park City man who swindled $30M sentenced to 15 years

January 15, 2010
Total Loss: $30 million
A protracted statement before a federal judge Thursday prompted little sympathy for a Park City businessman who devised a nearly three-year scam that allowed him to swindle close to $30 million. It took four tries to sentence Jeffrey Geddes, 40, for whom three earlier sentencing hearings had been scheduled. He had pleaded guilty to 52 counts of bank fraud, four counts of wire fraud and one count of failing to appear. And U.S. District Judge Tena Campbell told him that he had a "good deal" until he decided to skip out on his March 2009 sentencing hearing, prompting the failure to appear charge and forcing him to plead guilty to all counts.
Source: Desert News
Posted in: Account Takeover Identity Theft
Tags: loanover 10m