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2 More Sentenced In Texas Bank Fraud Case

(credit: AP Photo)

(credit: AP Photo)

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DALLAS (AP) – Two more North Texas residents have been sentenced to federal prison in a bank loan fraud scam that started in 2007.

Prosecutors in Dallas say 43-year-old Vathany Teng has been sentenced to 27 months in prison and must repay $4.2 million. Investigators say 55-year-old Lina Ma must serve 18 months behind bars and pay $2.1 million in restitution.

Both Plano residents pleaded guilty to conspiracy to commit bank fraud.

A judge in Dallas in February sentenced attorney Jerry Goh to seven months in prison and ordered repayment of $2.1 million. Goh, who pleaded guilty to misprision of a felony, acted as an escrow officer for the fraudulent transfer of funds.

Teng and Ma were sentenced Monday in the fraud involving Prosper Bank, United Central Bank and the Small Business Administration.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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