Todd Horob Found Guilty in U.S. Federal Cour
Bill Mercer, United States Attorney for the District of Montana, announced today that on February 12, 2009, in Billings, after a 3-day federal district court trial before Chief U.S. District Judge Richard F. Cebull, TODD HOROB, a 39-year-old resident of Williston, North Dakota, was found guilty of bank fraud, wire fraud, bankruptcy fraud, money laundering, and aggravated identity theft. Sentencing is set for May 14, 2009. He is currently released on special conditions.
HOROB faces possible penalties of 30 years in prison, a $1,000,000 fine and 5 years supervision. In addition, HOROB faces an additional mandatory two year imprisonment, consecutive to any other sentence, for aggravated identity theft.
Assistant U.S. Attorney Ryan M. Archer prosecuted the case for the United States.
The investigation was a cooperative effort between the Federal Bureau of Investigation and the Criminal Investigation Division of the Internal Revenue Service.