Couple sentenced for stealing $1.6 million in bank fraud scheme

BURLINGTON, Vt. -- A Vermont couple police say stole $1.6 million in loans through bank fraud have been sentenced to prison.

The Bennington Banner reports Alison Gu was sentenced Thursday in federal court to a year in prison. Matthew Abel was sentenced to six months. They were also ordered to pay restitution.

Gu was found guilty in November 2017 of multiple charges, including bank fraud and aggravated identity theft. Abel pleaded guilty to last year.

Prosecutors say they stole money from banks using fake mortgage loan applications. Investigators say they bought homes in Vermont, Connecticut, Massachusetts, Florida and Texas.

Read more here: https://www.star-telegram.com/news/state/texas/article223761250.html