A California man was sentenced Tuesday to more than six years in prison for fraudulently obtaining about $39 million in business loans from seven banks, which were tricked into believing the loans were for construction equipment, the U.S. Department of Justice (DOJ) said.
Gary Topolewski created and completely controlled at least seven Nevada companies, one of which was made to appear as if it bought construction equipment, and another which was made to look like it sold construction equipment, the DOJ said in a July 2024 indictment, filed in U.S. District Court for the District of Nevada.
