A Houston, Texas man has been ordered to federal prison for his involvement in a scheme that caused several local banks to lose more than $4 million. 65-year-old Gregory Roberson pleaded guilty on June 14, 2016. The defendant was ultimately sentenced to 24-months imprisonment and was ordered to pay $3,081,942.14. The scheme’s ringleader, 44-year-old Andre Chenier, was previously sentenced to 48 months and was ordered to pay more than $4.5 million in restitution.
Both defendants will serve three years of supervised release following completion of their sentences. From 2004 to 2014, Chenier acquired multi-million dollar commercial loans from several banks in the Houston area. To do this, the defendant submitted false and fraudulently documents. The loan applications included fake income taxes returns and falsified financial statements. The loans were obtained using the Social Security numbers belonging to identity theft victims.
Ultimately, Chenier defaulted on both of the loans causing a total loss of $4,581,942. Chenier represented to the banks that he owned several technology companies. In reality, the companies were fictitious and Chenier was living off of the loan proceeds. Roberson aided Chenier by preparing falsified income tax forms and other documents, which were ultimately used to obtain the loans. Roberson has been permitted to remain on bond until he is transferred to a United States Bureau of Prison facility at a later date.
Additional details can be found here.