Downstate woman sentenced in bank fraud case
URBANA, Ill. — A judge in central Illinois has sentenced a 63-year-old woman to 16 months in federal prison for defrauding a bank and the Illinois Department of Revenue out of more than $400,000.
Chief U.S. District Judge Michael McCuskey on Wednesday also ordered Rebecca Shockley to pay restitution.
Shockley was a co-owner and bookkeeper at a Mattoon business called Quality Truck and Auto that sold recreational vehicles.
She pleaded guilty to mail fraud and bank fraud charges that accused her of pledging vehicles as collateral for a bank loan but then selling those RVs to pay a debt to another lender. Shockley also admitted under-reporting how much sales tax the business collected and pocketing the difference.
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