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Justice News

Department of Justice
U.S. Attorney’s Office
District of Arizona

FOR IMMEDIATE RELEASE
Thursday, August 13, 2020

Rio Rico Resident Sentenced to Prison for Bank Fraud

TUCSON, Ariz. – Yesterday, Juan Diego Ibanez, 40, of Rio Rico, Arizona, was sentenced by United States District Court Judge Scott Rash to 15 months in prison, followed by five years of supervised release. Ibanez previously pleaded guilty to bank fraud.

In 2017, Ibanez provided fraudulently-created documents to 1st Bank Yuma and received $690,000 in loan proceeds based on the false documents. Upon learning of the fraud, the bank immediately investigated the illegal conduct and reported it to the Federal Bureau of Investigation (FBI).

The FBI investigated this matter. The United States Attorney’s Office, District of Arizona, Tucson, handled the prosecution.

CASE NUMBER:            CR19-01049-SHR-BGM
RELEASE NUMBER:    2020-068_Ibanez

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For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/ 
Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

 

Topic(s): 
Financial Fraud
Component(s): 
Press Release Number: 
2020-068_Ibanez
Updated August 14, 2020