Man gets 1 day in jail, fine in bank fraud scheme
Published: May 27,2011
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Judge gets more time to fight efforts to remove him from office
- Voters to decide whether hunting, fishing is constitutional right
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- State's bad bridges continue to raise concerns among officials
- Number of visitors to Natchez Trace makes big jump
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- MISSISSIPPI RISING: Time to sell the image
- Epidemiologist: State's hospitals can identify, isolate Ebola cases
- C Spire wins national award, cash prize for marketing analytics