Pittsfield man sentenced on federal fraud charges - WGEM.com: Quincy News, Weather, Sports, and Radio

Pittsfield man sentenced on federal fraud charges

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(WGEM) - A Pittsfield man who plead guilty last year to bank fraud was sentenced in federal court Thursday morning, according to a release by the U.S. Attorney's office.

Former JDL Longhorn owner, Douglas Pennock, was sentenced to 14 months in prison and five years of supervised release for providing false information to acquire a line of credit.

The press release states that Pennock received a large line of credit in 2008 from People's Bank in Troy, Mo. and used most of that money to pay down other loans. Pennock's business eventually defaulted on those loans, which caused a significant loss for People's Bank.

 

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