Seafood company owner caught in bank fraud gets 5 years
February 24, 2011
Total Loss:
$6 million
A federal judge in Boston on Wednesday sentenced Robert G. Coutu, the former owner of Ocean Fresh Seafood in North Attleboro, Mass., to serve five years in prison for masterminding and executing a multi-million-dollar bank fraud scheme. The sentence, imposed by U.S. District Court Judge Nancy Gertner, also requires Coutu, 59, formerly of Cumberland, to make $6,582,165.91 in restitution to Wells Fargo Bank and based on money laundering statutes, to forfeit $2,305,850.
Source:
Providence Journal