A former business relationship manager was sentenced Tuesday to 10 years for a six-year multimillion-dollar fraudulent loan scheme at the $1 billion Scott Credit Union in Edwardsville, Ill.
Theodore J. Longust, 51, formerly of Columbia, Ill., was ordered to pay $14.1 million in restitution by U.S. District Court Judge Staci M. Yandle in Benton.
Evidence presented during Longust's sentencing hearing showed that the credit union's total loss, including criminal and civil losses, amounted to $25.8 million, according to federal prosecutors.
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