Monday, April 28, 2008

Bowman unable to make first payment, asks judge to amend payment schedule

Former Rep. John Bowman, D-St. Louis, who was placed on probation April 4 after pleading guilty to bribing a bank official, says he will not be able to make the first required restitution payment.
In a document filed Thursday in U. S. District Court for the Eastern District of Missouri, Bowman's attorney, John P. Rogers, says his client who was required to make a lump sum payment of $10,000 within 30 days of sentencing, is far short of having that amount.

"At this time, Mr. Bowman is unable to meet the first installment payment of $10,000 as mandated by the minimum payment schedule." The document indicates Bowman made a $1,000 payment Thursday.

Rogers said the U. S. Attorney's office is unopposed to the motion, as long as Bowman makes complete restitution of $19,874.38 by the end of his five-year probation period.

Bowman was placed on probation after admitting to his role in a bank and credit card fraud scheme masterminded by former Bank of America Vice President Robert Conner.

Conner, Bowman, and others involved in the scheme 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 in January to nine-and-a-half years in prison.

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