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Defendant Sentenced for Bank Fraud and Tax Evasion in Western Pennsylvania
A North Hills man was sentenced to three days imprisonment, five years supervised release with six months home detention, and restitution of $226,846 for his convictions of bank fraud and tax evasion, United States Attorney David J. Hickton announced today.
United States District Judge Terrence F. McVerry imposed sentence upon Kevin R. Gallagher, an Allegheny County man, in federal court.
According to information presented to the court, from November 2010, and continuing until January 2012, Gallagher knowingly executed a scheme to defraud First Niagara Bank. In connection with the scheme to defraud, Gallagher fraudulently obtained corporate checks of his employer, A&S Steel Buildings Corporation, made payable to subcontractors and forged the signatures of the subcontractor payees.
It was a part of the scheme that Gallagher deposited the forged checks, which totaled $179,695, into his personal bank account at First Niagara Bank. Gallagher also willfully evaded income tax owed by him for tax year 2011. The total amount of tax loss to the federal government as a result of Gallagher’s tax evasion is $53,151.
Assistant United States Attorney Mary McKeen Houghton prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the Federal Bureau of Investigation and the United States Internal Revenue Service, Criminal Investigation, for the investigation that led to the successful prosecution of Gallagher.
Gallagher’s sentence marks the end of a lengthy investigation into his bank fraud and tax evasion scheme. The case serves as a reminder of the consequences of engaging in such illegal activities.
Key Facts
- State: Pennsylvania
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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