Monday, March 03, 2008
Government accepts Bowman pre-sentence investigation report
Since pre-sentence reports are kept confidential, there is no record as to whether prison time will be recommeneded for former Rep. John Bowman, D-St. Louis, who pleaded guilty in February to bribing a bank official, but the report has been completed, according to a document filed today in U. S. District Court for the Eastern District of Missouri.
Bowman is scheduled to be sentenced April 3; he resigned from the House on Jan. 31. He faces a maximum penalty of one year in prison and/or a $100,000 fine.
Former Bank of America Vice President Robert Conner, Bowman, and the others were indicted in January 2007 by a federal grand jury, which said Bowman and his co-defendants agreed to a scheme in which Conner took a bank lending program which provided money to small businesses by offering a $25,000 credit limit, then arranged with the other defendants to apply for the loans, often with fictitious companies, then give Conner kickbacks ranging from $2,500 to $5,000 on each loan.
According to the indictment, Conner approved $1,213,970 in fraudulent loans. Conner was sentenced last month to nine-and-a-half years in prison.