Feds Seek 12 Years For $52M Bank Fraudster

Law360, New York (September 1, 2011, 6:33 PM EDT) -- Prosecutors in Ohio on Thursday asked for a prison sentence two years above the maximum sentencing guidelines for a Cincinnati man convicted of defrauding Bank of America NA, JPMorgan Chase Bank NA and several other institutions of $52.6 million in loans.

U.S. Attorney for the Southern District of Ohio Carter M. Stewart called on U.S. District Judge Susan Dlott to impose a sentence of 12 years in prison followed by five years of supervised release and an order of restitution for businessman Richard T. Brunsman Jr....
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