Businessman given 12 years, $108M fine in massive fraud

AP News
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Posted: Jun 06, 2015 10:54 AM

LOUISVILLE, Ky. (AP) — A Louisville businessman was sentenced to 12 years in prison and ordered to pay $108 million in restitution for a scheme a federal judge described as "eye popping."

According to prosecutors, Anthony Huff bribed officials to obtain loans and looted companies in order to buy private jets, luxury cars, jewelry, designer clothing and trips.

The Courier-Journal reports (http://cjky.it/1AUuRn5) the 53-year-old Huff's list of crimes includes tax offenses, bribery of bank officials, and defrauding insurance regulators and an investment bank.

U.S. District Judge Naomi Reice Buchwald of New York sentenced Huff on Thursday.

Huff previously was convicted of mail fraud in Kentucky and had civil judgments against him in Florida and Washington state.

In urging his incarceration, prosecutors said Huff has shown he would commit fraud again if given the opportunity.

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Information from: The Courier-Journal, http://www.courier-journal.com