WILMINGTON, Del. AP - The former chief executive of Student Finance Corp., which specialized in making loans to students at truck driving schools, was sentenced Monday to a year and a day in federal prison for bankruptcy fraud.Andrew Yao, 46, was convicted last year of two counts of bankruptcy fraud after lying about payments made to an ex-mistress, and to cover his gambling expenses.
March 18, 2008 at 12:00 AM
1 minute read
WILMINGTON, Del. AP – The former chief executive of Student Finance Corp., which specialized in making loans to students at truck driving schools, was sentenced Monday to a year and a day in federal prison for bankruptcy fraud.
Andrew Yao, 46, was convicted last year of two counts of bankruptcy fraud after lying about payments made to an ex-mistress, and to cover his gambling expenses.
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