SOUTH BEND — A Goshen woman charged with bank fraud after writing $1 million in illegal loans was sentenced to 33 months in prison in the U.S. District Court in South Bend.
Connie Horvath, 43, pleaded guilty on June to one count of bank fraud, said Mary Hatton, a spokeswoman with the U.S. Attorney’s office.
As part of her sentence, Horvath will also be placed under two years of supervised release.
Hatton said the charge alleged Horvath committed fraud between June 2011 and June 2012.
Horvath was a worker at Goshen’s MutualBank, reports WNDU. In June 2011, she issued a $200,000 loan to a fake company. She also wrote another loan for $500,000.
She used some of the money to purchase a villa in Mexico and a four-bedroom house in Union, Mich.
It was argued during Horvath’s court hearing Tuesday that she made six illegal loans worth about $1 million and that she spent about $800,000.
Horvath pleaded guilty to the charge the same day she was told about it. She has agreed to pay $249,000 in outstanding restitution.