Former N.Y. Officer Sentenced For Defrauding Bank of More than $66,000
The Associated Press
ROCHESTER, N.Y. - A former city police officer who admitted to defrauding a bank of more than $66,000 was sentenced Wednesday to six months of home confinement.
U.S. District Judge David Larimer also ordered 58-year-old William King to pay a $5,000 fine and undergo psychological tests to see if he is a compulsive gambler so he could receive treatment.
Larimer said "excessive gambling" may have caused King to commit the check-kiting scheme, which involved the transfer of nearly $11 million dollars over two years.
King, who now lives in Florida, has paid full financial restitution to the banks. He spent 25 years as a Rochester police officer before retiring in 1993, and 10 years as an insurance fraud investigator for New York state.
King admitted in December he had two checking accounts and constantly wrote checks on the two accounts between January 2002 and March 2004, covering overdrafts at one branch by writing checks from the other.
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