EBOLA IN DALLAS: FULL COVERAGE | Follow CBSDFW.com | Facebook | Twitter
WATCH LIVE: EBOLA NEWS CONFERENCE AT 2 PM

Local

2 More Sentenced In Texas Bank Fraud Case

(credit: AP Photo)

(credit: AP Photo)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

167944374 10 2 More Sentenced In Texas Bank Fraud CaseCelebrity Mug Shots

181572784 8 2 More Sentenced In Texas Bank Fraud CaseFunny Faced Cheerleaders

 alt=Musicians Then And Now

456131094 10 2 More Sentenced In Texas Bank Fraud CasePHOTOS: George Clooney’s Wedding Weekend

 alt=Celebrities And Their Dogs

cowb thumb 2 More Sentenced In Texas Bank Fraud CaseCowboys Cheerleaders

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 This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: