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Former Lake Cumberland Marina owner sentenced

Shelby Countian's sentence is 50 months for bank fraud
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From U.S. Attorney's Office
U.S. Department of Justice, Eastern District of Kentucky

LEXINGTON, KY - (Tue 21 Feb 2017) - A Kentucky man, who operated a marina on Lake Cumberland, has been sentenced to 50 months in federal prison for bank fraud.

Today, Senior U.S. District Judge Joseph M. Hood sentenced John Guzman, 70, of Shelby County, KY, for nine counts of bank fraud. In addition to his federal prison sentence, Guzman was sentenced to five years of supervised release. Under federal law, Guzman must serve at least 85 percent of his prison sentence.

As part of his fraud, he falsified appraisal documents and insurance policies for the nonexistent collateral, and forged signatures of investors and acquaintances, as well as that of his deceased brother.

Carlton S. Shier, IV, Acting United States Attorney for the Eastern District of Kentucky; Amy S. Hess, Special Agent in Charge, FBI Louisville Division; and Joseph Moriarty, Special Agent in Charge, FDIC OIG Chicago Division, jointly made the announcement today. The case was investigated by the Federal Bureau of Investigation and the Federal Deposit Insurance Corporation, Office of Inspector General. Assistant U.S. Attorneys Neeraj Gupta and Ken Taylor prosecuted this case on behalf of the federal government.

This story was posted on 2017-02-22 10:58:19
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