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Former SC college trustee sentenced for bank fraud
Posted: 07.17.2010 at 7:18 PM
2

(AP) -- ROCK HILL, S.C. (AP) - A former University of South Carolina board member has been sentenced to two years' supervised released for bank fraud.

The Herald of Rock Hill reported Saturday that 53-year-old Samuel Foster II was sentenced in federal court after pleading guilty last year to bank fraud and failure to file tax returns.

He also will have to repay more than $130,000 he got in the banking scheme that prosecutors say lasted more than three years. Foster resigned from the university's board when he was indicted.

His attorney said Foster was lured into the scheme by his co-defendant former bank vice president Chester Williams who has pleaded guilty to bank fraud but has not been sentenced.

Prosecutors say contractors paid Williams kickbacks for bank business.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

(Copyright ©2010 by The Associated Press. All Rights Reserved.)

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