Longview man to serve 21 months for counterfeit silver bars scheme
POSTED: Thursday, May 29, 2014 - 10:49am
UPDATED: Friday, May 30, 2014 - 3:14pm
Longview, Texas (KETK) — A Longview man was sentenced to 21 months in federal prison for defrauding others in a counterfeit silver bar scheme.
James Leroy Frattarola, 47, was sentenced by U.S. District Judge Michael H. Schneider for possessing counterfeit silver bars with intent to defraud another.
A 47-year-old Longview, Texas man has been sentenced to federal prison for violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. The convict plead guilty on March 5.
According to court documents, on Sep. 13, 2013, Frattarola possessed about 90 one-ounce silver bars, stamped with the impression, “.999 FINE SILVER” and “NORTHWEST TERRITORIAL MINT” with intent to defraud another. Frattarola admitted to owning the counterfeit bars in Longview, Texas. He also told authorities of similar crimes with a total of nine victims. Frattarola was indicted by a federal grand jury on Oct. 23, 2013.
Frattarola will pay back $28,720.40 to the people he defrauded.
This case was investigated by the U.S. Secret Service, Longview Police Department, Kingsville Police Department, Terrell Police Department, Grand Prairie Police Department, and the Brazoria County Sheriff’s Office and was prosecuted by Assistant U.S. Attorney Jim Noble.