Hanibal Tayeh, a man from Thomaston, Connecticut, was sentenced to 27 months in prison after being found guilty of fraudulently obtaining bank loans and money for fake projects in Saudi Arabia. The sentencing was carried out by U.S. District Court Judge Mark G. Mastroianni, according to the U.S. Attorney's Office.
The court sentenced Tayeh to prison and five years of supervised release. His crime, which began in July 2018, involved falsifying documents to secure a $9.1 million loan and a $400,000 credit extension. Additionally, he defrauded an individual by fabricating stories about Saudi Arabian construction projects to steal money, as stated by the U.S. Attorney's Office.
Tayeh was convicted for using fake documents to trick a bank into giving him money for fake overseas ventures, and for lying during bankruptcy proceedings. He faced charges of bank fraud, wire fraud, money laundering, and making a false bankruptcy claim. The case was handled by U.S. Attorney Joshua S. Levy, FBI and IRS officials, and Assistant U.S. Attorney Christopher L. Morgan, as reported by the U.S. Attorney's Office.
