A Bossier City car dealer was sentenced to more than a year in federal prison for bank fraud.
Larry Wayne Toms Jr., 42, of Benton pled guilty in December that he used fake loans applications to receive $177,000 from Shreveport’s Post Office Employees Federal Credit Union.
He was sentenced to 15 months in prison, five years of supervised release and must pay $161,066 in restitution.
According to the guilty plea, Toms submitted fake loan applications for the purchase of three cars that did not exist from June 1 to July 23, 2015 to the Post Office Employees Federal Credit Union in Shreveport. The credit union gave Toms $177,000.