Brothers Sentenced In Penna. Boeing Loan Scam
PHILADELPHIA (AP) – A former Boeing credit union executive will spend 28 months in prison for a million-dollar fraud scheme at the aerospace company’s suburban Philadelphia plant.
Anthony Forte Jr. was also ordered on Monday to pay $1.2 million in restitution after pleading guilty in November to charges related to a kickback scam he ran at the Boeing Helicopters Credit Union.
Prosecutors say Forte used his job as a credit union vice president to obtain kickbacks on $20,000 loans given to unqualified applicants.
Forte’s brother David was also sentenced Monday for being middleman in the scheme. He received one day in prison plus restitution. A federal judge considered David Forte’s diagnosis with a malignant brain tumor when deciding his sentence.
Anthony Forte is the current president of the United Aerospace Workers Local 1069.