Todd Horob Sentenced in U.S. District Court
Bill Mercer, United States Attorney for the District of Montana, announced today that during a federal court session in Billings, on December 17, 2009, before Chief U.S. District Judge Richard F. Cebull, TODD HOROB, a 39-year-old resident of Williston, North Dakota, appeared for sentencing. HOROB was sentenced to a term of:
- Prison: 132 months
- Special Assessment: $700
- Restitution: $6,028,731.13
- Supervised Release: 5 years
HOROB was sentenced after having been found guilty during a 3-day trial of bank fraud, wire fraud, bankruptcy fraud, money laundering, and aggravated identity theft.
Because there is no parole in the federal system, the "truth in sentencing" guidelines mandate that HOROB will likely serve all of the time imposed by the court. In the federal system, HOROB does have the opportunity to earn a sentence reduction for "good behavior." However, this reduction will not exceed 15% of the overall sentence.
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.
