A court sentenced California resident Gary Topolewski to 78 months in prison for a bank fraud scheme that targeted seven financial institutions and involved nearly $39 million.
According to NS3.AI, the U.S. Department of Justice said Topolewski submitted false commercial loan applications and diverted the proceeds for property-related purposes and Ponzi-like payments.
The court also ordered Topolewski to pay more than $19.4 million in restitution and imposed $21.8 million in forfeiture, the DOJ said.
California Man Sentenced to 78 Months for $39 Million Bank Fraud Scheme
2026-07-09 15:49:29
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