WASHINGTON, July 7 -- The U.S. Department of Justice's Criminal Division issued the following news release:
A California man was sentenced today to 78 months in prison and three years of supervised release for perpetrating an elaborate bank fraud scheme that took in approximately $39 million from multiple financial institutions over the course of nearly 10 years.He was also ordered to pay over $19.4 million in restitution and $21.8 million in forfeiture.
According to court documents, Gary Topolewski, 64, of Northridge, engaged in the nearly decade-long scheme to defraud multiple financial institutions through the submission of false and fraudulent commercial loan applications on behalf of his purported companies, Topolewski America Inc., ...