State Crime Reports

Vehicle Dealer And Accountant Sentenced To Prison For $75.9 Million Financing Fraud Scheme That Caused 18 Lenders To Lose $58.8 Million

CHICAGO —(ENEWSPF)–December 10, 2014.  A former area motorcycle and recreational vehicle dealer and his accountant were sentenced to 13½ and 2½ years, respectively, in federal prison for a $75.9 million fraudulent financing scheme that resulted in 18 lenders losing more than $58.8 million, federal law enforcement officials announced today.

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RUSSELL S. OTT, 51, of Oswego, who pleaded guilty to bank fraud and tax evasion, was sentenced on Dec. 3 to 13½ years in prison, beginning…

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