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2 men sent to prison for defrauding Wells Fargo

Sep 15, 2011 5:48:00 PM - thestate.com
Two men have been sentenced to time in federal prison for defrauding Wells Fargo Bank of $11.2 million.

The U.S. Department of Justice said 61-year-old Delmar Dove of Mint Hill and 67-year-old Robert Otto of Fort Mill, S.C., were sentenced Thursday by U.S. District Judge Max O. Cogburn Jr. for their role in a conspiracy that defrauded the bank by submitting fake invoices for payment. The two men pleaded guilty last year to charges that included mail fraud conspiracy.

Dove is to serve 22 months. He was also ordered to pay $1.2 million in restitution to Wells Fargo and $140,734 to the IRS.

Otto was sentenced to 22 months in prison and ordered to pay $2.6 million in restitution to the bank.

Neither man could immediately be reached for comment.

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