Bakery Owner Who Bamboozled Banks Gets 5 Years

Law360 (March 13, 2018, 5:56 PM EDT) -- A former Connecticut resident who copped to fraud charges for allegedly lying to lenders to secure more than $3 million in financing for his pita bread manufacturing business was ordered by a New Haven federal judge on Monday to serve more than five years in prison.

Mohsen Youssef, 27, received a 63-month prison sentence from U.S. District Judge Janet Bond Arterton, who also ordered Youssef to pay more than $3.7 million in restitution to Wells Fargo and other alleged victims of his scheme, according to a statement from the U.S. Attorney's Office for the District of Connecticut.

Youssef's sentencing comes after...

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