Strib - Mr. George Wintz, Jr., of Triangle Warehouse,
Minneapolis, was found guilty by a jury and sentenced to 3 1/2 years by U. S.
District Judge Ann Montgomery of bank fraud and embezzlement of money from
employees' retirement plan. Mr. Wintz kited and floated checks to keep his
business going and employees working. He wrote "batches" of checks against
accounts in two banks and solicited "nominee loans" totaling $1.9 million,
signed by family members and employees but used the money in his name. Even the
President of one of the banks signed such loans to cover overdrafts by Wintz.
One of the banks was closed in 2011. The sentencing Judge said, "I think you're
kind of a working fool" when she imposed a prison term of 3 1/2 years when she
could have "given" him 8 years.
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