AURORA | A 56-year-old Aurora man was sentenced to seven years in federal prison last week for conning local banks out of more than $1 million.
U.S. District Court Judge Robert Blackburn sentenced Alan Alonzo Williams on June 19, according to the local U.S. Attorney’s Office. Williams pleaded guilty to bank fraud in January 2017, but his sentencing hearing was repeatedly delayed.
Federal prosecutors said Williams obtained credit for his vending machine business, Williams Vending Company, by forcing a female acquaintance to apply for loans that he later controlled and used.
Williams was unable to obtain the loans himself because he is a parolee who had previously been convicted of undisclosed felony charges.
Williams bribed the unknown female acquaintance by urging her to apply for loans in exchange for money she would use to buy drugs.
“Williams knew that (the female acquaintance) 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,” according to the U.S. Attorney’s Office.
Williams forged documents on behalf of the woman to get an $800,000 home loan in Denver more than a decade ago. He later used the woman to receive additional loans for $360,000.
As part of his sentence, Williams was ordered to pay more than $1.1 million in restitution to various lenders.
“The seven year federal prison sentence is an appropriate outcome for this defendant’s attempt at cheating the system,” U.S. Attorney Jason Dunn said in a statement.
The FBI and the IRS also helped investigate the case.
“Williams’ scheme was about driven greed and a blatant disregard for the damage inflicted on the banking system,” Kevin Caramucci, acting special agent in charge for IRS Criminal Investigation, said in a statement. “(This) sentence sends a message that bank fraud will ultimately cost the fraudster.”