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Tomah Men Sentenced for $2M Bank Fraud
Posted on March 4th, 2010 No commentsTwo Tomah, Wis., brothers who defrauded two banks of $2 million while trying to keep their auto dealership afloat each were sentenced in federal court to two years in prison and ordered to pay $1.42 million in restitution. The men faced declining sales in 2004 when they began a four-year scheme to defraud the Farmers & Merchants Bank and First Bank of Tomah by pledging cars they didn’t possess as collateral and not repaying bank loans from cars sold, the La Crosse Tribune reported.
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