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08/04/11 11:40 PM

#329082 RE: pantherj #329057

Can someone explain how you steal over half a million dollars and get a light sentence? How many victims of fraud does this guy need to accumulate before he is locked up? Mind blowing!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65894003


http://www.post-gazette.com/pg/11148/1149788-55.stm

McMurray man sentenced in check kiting scheme
Saturday, May 28, 2011
Pittsburgh Post-Gazette

Vincent A. Locastro, who took $545,872 through check kiting and identity theft, will have to pay it all back and serve three years probation, half of that under home detention, U.S. District Judge David S. Cercone decided Thursday.

Mr. Locastro, 47, of McMurray, was accused of using a trusting friend's name and Social Security number to get financing for nine luxury automobiles. He told the judge he "violated a dear friend's trust" and wants an opportunity to go from being "a good man" to "a better man."