Ex loan officer gets 3 years in bank fraud
January 11, 2011
Total Loss:
$10 million
A former Miami loan officer has been sentenced to three years in federal prison for his role in a $12 million bank fraud scheme. A federal judge on Friday imposed the sentence on 29-year-old former Wachovia bank employee Richard Garcia. Garcia was also ordered to pay $10 million in restitution and will spend 20 months in home confinement after his release.
Source:
Miami Herald
Posted in:
Internal Fraud