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.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- Politics of paying for transportation: Hand wringing and a lot of talk
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Realtors chooses Nita Wingard
- Entergy agrees to cut $35M from its new rate plan
- Researchers: Trapping, not hunting, best way to control wild hogs
- No debate, but Cochran and Childers lobby for votes for Senate
- Kemper County plant will cost at least another $496M to complete