2 Plano men sentenced in North Texas bank fraud caseApril 9, 2014
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.