State man gets 2 years for deceiving SunTrust Bank
CHARLESTON, W.Va. -- A former trade association executive will spend two years in prison for faking documents to get a $120,000 line of credit from SunTrust Bank.
Fifty-eight-year-old Jonathan Deutsch pleaded guilty last year to making a false statement to a financial institution. He was sentenced Monday by U.S. District Judge Thomas Johnston in Charleston.
Deutsch was executive secretary of the Constructors' Labor Council of West Virginia and ran its Heavy and Highway Construction Industry Fund for 12 years.
In 2004, he used fund assets to secure a loan without board approval. In 2007, prosecutors say Deutsch backdated fake minutes of board meetings to conceal his action.
He got former board members to sign them without realizing they were helping him hide the credit line.
SunTrust wrote the loan off as a loss.