News - State
Man gets 7 years for bank fraud
Posted: Jan 12, 2012 9:44 AM by AP
Updated: Jan 12, 2012 9:44 AM
BATON ROUGE, La. (AP) - A 48-year-old Baton Rouge man has been sentenced to 7 1/2 years in prison for bank fraud involving $18 million in fake checks and money orders.
U.S. Attorney Donald J. Cazayoux Jr. said Wednesday that Timothy Strain also was ordered by U.S. District Judge Brian Jackson to forfeit various assets - including three vehicles purchased with the proceeds.
Prosecutors said Strain earned over $400,000 from his illegal venture and defrauded the government of hundreds of thousands of dollars of unpaid taxes and penalties. Some of the checks and money orders were sold to others.
A jury earlier convicted Strain of bank fraud.
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