Fmr. Florida Owner Of 50 Gas Stations Sentenced For Wire Fraud
Follow CBSMIAMI.COM: Facebook | Twitter
DAYTONA BEACH (CBSMiami/AP) — A Florida man who owned as many as 50 gas stations has been sentenced to federal prison over his conviction for wire fraud.
The Daytona Beach News-Journal reports that 57-year-old Stephen DeLuca was sentenced Friday to 6 1/2 years in federal prison following his 2013 conviction on wire fraud charges.
The prosecutor had been asking for 11 to 14 years in prison. DeLuca is scheduled to surrender in June.
DeLuca was indicted in 2011, charged with falsely inflating the value of his company to secure $18 million in loans.
DeLuca also owned three storage facilities and dozens of other properties.
At his sentencing the judge in the case received two dozen letters from people about the work DeLuca had done for youth.
(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
