Reading Man Charged with Wire Fraud
|U.S. Attorney’s Office March 28, 2012|
An indictment was unsealed today charging Flint Andrew Staton, 40, of Reading, Pennsylvania, with wire fraud. The indictment arises from Staton’s consistently overstating his income to qualify for financing of luxury cars, after which he defaulted, according to United States Attorney Zane David Memeger. To date, he has allegedly caused a loss of $119,167.46 to the car financing companies.
If convicted, the defendant faces a maximum sentence of 40 years’ imprisonment, a three-year term of supervised release, a $500,000 fine, and a $200 special assessment.
The case was investigated by the Federal Bureau of Investigation and the United States Postal Inspection Service and is being prosecuted by Assistant United States Attorney Alexander T.H. Nguyen.
An indictment or information is an accusation. A defendant is presumed innocent unless and until proven guilty.