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SCRANTON The United States Attorney s Office for the Middle District of Pennsylvania announced that Eric R. Colborn of Dunmore, Pennsylvania, was sentenced on April 14, 2021, to 16 months imprisonment to be followed by a three-year term of supervised release by U.S. District Court Judge Robert D. Mariani for bank fraud. Judge Mariani also ordered Colborn to pay restitution in the amount of $22,470.40.
According to Acting United States Attorney Bruce D. Brandler, Colborn previously entered guilty pleas on January 15, 2020 to bank fraud and conspiracy to commit bank fraud.
Colborn created a counterfeit Wells Fargo brokerage statement in his name showing that he had in excess of $14,000,000 in a brokerage account, and then fraudulently induced reliance on the counterfeit brokerage statement to secure property and other things of value. One such example occurred when Colborn admittedly issued a bad check to a local realtor in the amount of $2,000 for a down payment toward the purc