A SCHEME TO DEFRAUD BANKS OUT OF HUNDREDS OF THOUSANDS OF DOLLARS LANDS TWO MEN IN FEDERAL PRISON. DEREK BARNHILL OF RIO RANCHO WAS SENTENCED TO THREE MONTHS IN PRISON, FOLLOWED BY THREE YEARS OF SUPERVISED RELEASE. HE'LL HAVE TO REPAY OVER 560-THOUSAND DOLLARS.
SIXTY-ONE YEAR OLD VINCENT GARCIA WAS SENTENCED IN APRIL AND IS SERVING 27 MONTHS BEHIND BARS. HE'S ALSO REPAYING OVER 722-THOUSAND DOLLARS IN RESTITUTION.
THE SCHEME BEGAN IN 2007 AND INVOLVED THREE REDEVELOPMENT PROJECTS, INCLUDING THE ANASAZI BUILDING IN DOWNTOWN ALBUQUERQUE.
