MOUNT PLEASANT, SC (WCSC) - Six people including two Mount Pleasant men were sentenced in federal court for their roles in an auto loan scheme involving more than $800,000.
A judge sentenced 34-year-old William Brian Toadvine and 58-year-old Donald Toadvine to two years in prison to be followed by five years of supervised release after both were found guilty of conspiracy to commit bank fraud.
According to U.S. Attorney William N. Nettles, the Toadvines along with four other people were convicted for their roles in a scheme to fraudulently obtain auto loans by providing false documents to more than 16 different banks and credit unions.
Nettles says over the course of the scheme, the defendants obtained more than $800,000 from the banks and at times used the funds from one loan to pay off others in an attempt to keep the scheme running.
Daniel Kosmer Jr. of Greenville, Joyce Pozniko of Hanahan and Elizabeth Donnelly of Beaufort were also sentenced to three years of probation or supervised release after being found guilty of providing false statements on a loan application.
Floyd Hargrove of Bluffton was sentenced to a year in prison for conspiracy
Authorities say Colin Slaven has pled guilty to conspiracy to commit bank fraud and is awaiting sentencing.