TUCSON, Ariz. - Yesterday, Juan Diego Ibanez, 40, of Rio Rico, Arizona, was sentenced by United States District Court Judge Scott Rash to 15 months in prison, followed by five years of supervised release. Ibanez previously pleaded guilty to bank fraud.
In 2017, Ibanez provided fraudulently-created documents to 1st Bank Yuma and received $690,000 in loan proceeds based on the false documents. Upon learning of the fraud, the bank immediately investigated the illegal conduct and reported it to the Federal Bureau of Investigation (FBI).
The FBI investigated this matter. The United States Attorney’s Office, District of Arizona, Tucson, handled the prosecution.
CASE NUMBER: CR19-01049-SHR-BGM
RELEASE NUMBER: 2020-068_Ibanez
Source: U.S. Department of Justice, Office of the United States Attorneys
