Great Falls Man Sentenced for Bank Fraud
GREAT FALLS, Mont. (AP) — The U.S. Attorney’s Office says a 32-year-old Great Falls man has been sentenced to 10 months in prison and ordered to pay just over $29,000 in restitution for making false statements to a bank.
LaMonte Charles Moultray Jr., was sentenced March 27 by U.S. District Judge Sam Haddon in Great Falls.
Moultray obtained construction loans from Mountain West Bank to build two homes in Cascade. Prosecutors alleged he submitted false invoices or lien waivers to the bank at least three times to receive loan proceeds.
Prosecutors allege he submitted false invoices that overstated the cost of work done by a well driller and an electrician and submitted a lien waiver saying he paid $7,500 to a plumbing and heating company that does not exist.