Local

Va. Lawyer Sentenced In $100M SBA Loan Scheme

View Comments
(AP Photo/Texas Department of Criminal Justice, File)

(AP Photo/Texas Department of Criminal Justice, File)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

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.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 3,248 other followers