Wednesday, June 1, 2011

Party till you drop (into prison)

Pretty incredible story.

How did he get the loans?

Probably more to it then we know.

Man gets prison for conning bank
By Guillermo Contreras - Express-News

A San Antonio man who defrauded a local bank out of more than $500,000 to live a posh lifestyle before he was 21 was sentenced Tuesday to four years and three months in prison.

Chief U.S. District Judge Fred Biery noted federal sentencing guidelines were too low for white-collar crooks like Christopher Henry Aragon, but he decided not to go above the 41 to 51 months recommended by the guidelines.

The judge released Aragon, 24, on bond, but ordered him to house arrest until he reports to prison July 25. Biery also ordered $440,000 in restitution — the loss to the bank after collateral and other factors are taken into account.