Posted: Apr 11, 2012 7:15 AM by AP
BATON ROUGE, La. (AP) - The former owner of a now-defunct Baton Rouge debt-collection agency has been sentenced to 51 months in federal prison in a case that caused combined losses of more than $430,000 at two banks.
On Tuesday, Chief U.S. District Judge Brian Jackson also ordered 59-year-old William S. Ferguson II of LaPlace to pay $304,000 in restitution to Chase Bank and nearly $127,000 in restitution to Hancock Bank.
Jackson said Ferguson must report to the federal Bureau of Prisons by June 4.
The Advocate reports Ferguson, the former owner of Bush & Kennedy Inc., pleaded guilty Jan. 4 to three counts of bank fraud and one count of aggravated identity theft.