Ruth Tucker, Randolph Center Native, Sentenced to 21 Months in Prison for Fraud
Burlington, VT – Tristram J. Coffin, United States Attorney for the District of Vermont, stated that Ruth Tucker, 66, formerly of Randolph Center and currently of Hubbardton, Vermont, was sentenced on October 9, 2012, by U.S. District Court Judge J. Garvan Murtha, to 21 months in prison for defrauding two local Vermont development corporations, two banks, and numerous individuals. Additionally, Tucker was sentenced to three years of supervised release after the completion of her prison term and ordered to pay restitution to her victims.
According to Court records, during 2009 Tucker fraudulently obtained loans from Community Capital of Vermont and the Addison County Development Corporation in the total amount of $55,000 which she represented she would use to reestablish her small business and to hire Vermonters. Instead, she used the funds to buy registered Morgan horses and to pay for their training and board as well as other horse-related expenses. She also defrauded People's United Bank (formerly the Chittenden Bank) and KeyBank by writing large checks on accounts with insufficient balances – many of these checks were also for horse related purchases. The loss to these banks is approximately $18,000. Finally, Tucker wrote bad checks to local individuals and businesses who also suffered losses.
Tucker was first indicted by a federal grand jury on July 15, 2010 for two counts of bank fraud. On October 7, 2010, the grand jury superseded the original indictment to add two additional counts of wire fraud. Tucker was arrested by the United States Secret Service on August 4, 2010 and pled guilty to the Superseding Indictment on June 2, 2011.
This case was investigated by the United States Secret Service. The United States Attorney, Tristram J. Coffin, commends this agency for its work. The case was prosecuted by Assistant United States Attorney, Nancy J. Creswell. Tucker was represented by Steven Barth of the Office of the Federal Public Defender.