Man gets 1 day in jail, fine in bank fraud scheme
by Associated Press
Published: May 27,2011
Tags: Dino Jerry Grisanti, Judge Michael P. Mills, Northeast Mississippi Daily Journal, Oxford
OXFORD — A former Oxford auto dealer will spend one day in jail and pay $7,500 fine for a guilty plea to a $2 million bank fraud scheme.
The Northeast Mississippi Daily Journal reports Dino Jerry Grisanti was sentenced Thursday by Chief U.S. District Judge Michael P. Mills.
Last October, Grisanti pleaded guilty to a one-count federal charge that he concealed the sale of about 66 vehicles and failed to pay Regions Bank $2 million as part of a floor plan financing agreement.
When Grisanti pleaded guilty to the charge, his attorney, Anthony Farese, told Mills that his client had repaid Regions.
The alleged fraud occurred from Jan. 1, 2006, to about Nov. 1, 2007, while Grisanti owned Grisanti Rebel Motors in Oxford.
He’s been free on bond since his arrest.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- PSC’s Mississippi Power probe continues as regulators mull next move
- Department of Environmental Quality developing water sources plan
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- District at Eastover construction to start later this year
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- Officials hoping quail numbers will rebound
POST A COMMENT