Businessman sentenced to jail, fined $1 million for fraud
A Virginia businessman has been sentenced to five months in jail, followed by five months home detention and three years supervised release, according to U.S. Newswire. The crime?: conspiracy to defraud the Environmental Protection Agency (EPA), Occupational Safety and Health Administration (OSHA) and the Small Business Administration (SBA), the Justice Department announced Jan. 26. In addition, Nicanor Lotuaco was sentenced to a $1 million fine.
One other individual defendant, James Schaubach of Virginia, and two Virginia corporations, ACS Environmental, Inc. (ACS) and Air Power Enterprises, Inc. (Air Power), were also expected to be sentenced.