41-month sentence for Meraux man in check scheme
NEW ORLEANS (AP) — The U.S. Attorney's office in New Orleans says a Meraux man has been sentenced to 41 months in prison after pleading guilty to bank fraud, wire fraud and money laundering.
Prosecutors said 42-year-old Glen McInerney wrote checks to "straw payees" that were cashed. The cash was returned to McInerney so he could deposit some of it back into an account for his car sales business.
But, prosecutors said, McInerney timed deposits in such a way to cause the cashed checks ultimately to bounce. Prosecutors said he also negotiated checks drawn on a closed bank account in a related scheme.
McInerney was sentenced Thursday. In addition to serving prison time, he must make restitution to three victims of more than $845,000.