Aurora Man Sentenced To Federal Prison For Bank Fraud

DENVER -- Alan Alonzo Williams, age 56, of Aurora, Colorado was sentenced last week by U.S. District Court Judge Robert Blackburn to serve 84 months in federal prison followed by 5 years on supervised release for bank fraud, announced U.S. Attorney Jason Dunn, IRS Criminal Investigation Acting Special Agent in Charge Kevin Caramucci, and FBI Denver Special Agent in Charge Dean Phillips.

Williams, who was sentenced on June 19, 2019 had pled guilty on January 12, 2017, but his sentencing hearing was delayed several times at his request. He was also ordered to pay restitution in the amount of $1,146,828.28 to the lenders he pled guilty to defrauding.

According to the indictment and plea agreement, Williams wanted to obtain funds for himself and for Williams Vending Company, Inc. (WVC), a company established by Williams and his parents that sold, leased, repaired and operated vending machines. Williams was unable to qualify for bank loans due to his prior felony convictions and status as a parolee. He engaged the involvement of a third party, Ms. X, who had no true ownership interest in WVC to represent that she was its president in order to obtain loans on behalf of WVC. In actuality, Williams controlled the finances and operations of WVC. Williams knew that Ms. X had a serious drug problem, and exploited her habit by causing her to sign various documents and then providing her with money, which she would use to buy drugs to get high.

In 2007, Williams had Ms. X sign a contract to purchase a home in Denver, and he later arranged for her to obtain a $800,000 loan to purchase the property. Williams caused false information about Ms. X’s financial status, including fraudulent Forms W-2 and earning statements, to be submitted to the lender in order to make it appear that she qualified for the loan.

Read more: https://www.justice.gov/usao-co/pr/aurora-man-sentenced-federal-prison-bank-fraud