Loan Maven's Bail Yanked Before Sentencing For $100M Fraud

Law360, New York (February 7, 2012, 4:40 PM EST) -- A Florida auto loan purveyor convicted of conning 1,300 investors into loaning her company $100 million — money she used on collections of artwork and lavish homes — saw her bail revoked Tuesday ahead of her April 19 sentencing.

Prosecutors moved to have Lydia I. Cladek's bail revoked Jan. 26, the same day a Jacksonville federal jury found her guilty of 14 counts of conspiracy, wire and mail fraud. U.S. District Judge Timothy J. Corrigan remanded her into the custody of the U.S. Marshals Service until her...
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