Sentence: Grisanti gets 1 day in jail, fine in bank fraud scheme

Businessman Dino Jerry Grisanti reportedly will spend one day in jail and pay $7,500 fine for a guilty plea to a $2 million bank fraud scheme.

Grisanti was sentenced today by Chief U.S. District Judge Michael P. Mills.

Last October, the former Oxford auto dealer pleaded guilty to a one-count federal charge that he concealed the sale of about 66 vehicles and failed to pay Regions Bank $2 million as part of a floor plan financing agreement.

When Grisanti pleaded guilty to the charge, his attorney, Anthony Farese, told Mills that his client had repaid Regions.

NEMS 360
5/26/11