Postville, IA – A federal judge in Cedar Rapids has sentenced the former chief financial officer of Agriprocessors, Inc., to 41 months in prison for bank fraud conspiracy.
Subscribe to our Daily Roundup Email
U.S. District Court Chief Judge Linda Reade handed down the sentence Thursday to 56-year-old Yomtov (Toby) Bensasson of Postville. She also ordered Bensasson to make reimbursement of more than $29,900 to the banks that were victimized by the fraud.
Bensasson pleaded guilty last August to one count of conspiring to make false statements to a bank. He admitted that he conspired with others to make false statements in connection with requests for advances on a loan to the kosher slaughterhouse that was once Postville’s largest employer.
I don’t get it, he was trying to do good.
False statments to a bank to get a loan is done everywhere every day and encouraged by the banks. As long as you pay, no one cares! Half of america and bankers should be put in.
What wickedness! 41 months for 29k?! – And just for fudging loan dox?
6 mos. to a Year and a person will learn their lesson. This is crushing.
B”H
welcome to USA where jail sentences r longerfor filing false loan docs then homicide.
Wake up! It seems like we are living in SEDOM!
what Tobi and Sholom got convicted of/addmited to (inflating AR borrowing base) is a real crime, however they way Tobi and especialy Sholom (facing a life sentence) are being punished is reduculous. the feds needed to find someone to blame for the “imigration raid” and they found perfect “criminals”. it looks like Tobi will end up serving a very long sentence (he delivered Sholom to the feds on a silver platter), but i hope sholom get’s off on a technicality…
Indeed Bensasson basically moisered SMR and look what the Feds gave him as a result. As an employee with no ownership and a moiser, he should have gotten probation.
This should be a lesson to all wannabe mosrim; in the end Hashem controls the Feds as He controls everything else.
Reply to #3 you are a looser wait till they will call you up for bail for your son then let’s see what your common will be it could happen to any one at any time so stay put thank hasem that you don’t have to do this
Judges are required to follow sentencing guidelines for a crime as laid down in law. If there is a minimum sentence then the judge can’t go lower.
3.5 years in the poky. He got off light, because he pleaded guilty. SMR didn’t take the plea deal when offered. Bet you a knish they throw the book at him.
I have to admit that I have changed my view on the entire Rubashkin affair. I had held the opinion that the principals of Agri were guilty of multiple crimes. I have recently heard a piece on NPR in which Atty Harvey Silvergate discusses his book, “Three Felonies a Day”. His point is that Federal fraud laws are so vague the federal prosecutors could, in fact, charge almost anyone. Traditional law holds that a law whose meaning and intent cannot be understood by a reasonable person is void. There are currently four cases comming before the Supreme Court which will address the “Void for Vagueness” rule. Mr. Rubashin’s conviction may very well be thrown out as a result. I urge all to read the book and write not the proscutor in the case but their U.S. Representatives and Senators to repeal and rewrite. the federal fraud statutes.