$62M Bank Fraudster 'Panicked,' Seeks Lenient Sentence

Law360, New York (September 2, 2011, 9:03 PM EDT) -- A Cincinnati man who pled guilty to defrauding 18 banks of $62 million in loans asked an Ohio federal court on Friday for a prison sentence about five years lower than the sentence prosecutors had requested the previous day.

Richard Brunsman, a business owner who pled guilty in January to one count of bank fraud, admitted he had tricked Bank of America NA, JPMorgan Chase Bank NA and several other national institutions into supplying him with loans he was not qualified for between 2004 and 2010....
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