Posted: Feb 9, 2012 3:18 PM by Russell Jones
Updated: Feb 9, 2012 3:18 PM
Source: U. S. Attorney's Office
BATON ROUGE - A federal judge sentenced a Denham Springs man today to nearly four years in jail for money laundering and bank fraud.
Steven Harold Loga, 42, pleaded guilty earlier to those charges.
He was accused of using his seafood wholesale business to get fraudulent credit advances from Fidelity Bank, and then laundering the money at another bank.
U.S. Attorneys said Fidelity Bank lost more than $1.2 million because of the scheme.
District Judge Frank J. Polozola sentenced Loga to 46 months in jail with a two-year supervised release, and ordered him to pay more than $1.2 million in restitution.