Va. Lawyer Sentenced In $100M SBA Loan Scheme

BALTIMORE (AP) — A Virginia lawyer has been sentenced to more than 4 years in prison for plotting to get more than $100 million in fraudulent loans from the Small Business Administration.

Forty-four-year-old old Seung E. Oh of Great Falls was also ordered to pay more than $3.5 million in restitution at sentencing Tuesday in federal court in Baltimore.

According to her plea agreement, Oh owned and operated a title company in Annandale, Va. Prosecutors say Oh and others used her settlement company and law firm to facilitate loan closings for deals that would otherwise fail to meet SBA standards.

(Copyright 2013 by The Associated Press. All Rights Reserved.)


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