Woman gets jail for fraud chargesOctober 11,2012Woman gets jail
on fraud counts
A Hubbardton woman was sentenced to 21 months in jail for defrauding Vermont corporations, banks and residents of more than $70,000 so she could buy horses.
Ruth Tucker, 66, formerly of Randolph Center, was indicted by a federal grand jury on July 15, 2010 for bank fraud and then again in October of that year for wire fraud.
According to court records, in 2009, Tucker got loans totaling $55,000 from the Community Capital of Vermont and the Addison County Development Corporation so she could re-establish her small business and to hire Vermonters.
Instead, she used the funds to buy registered Morgan horses and to pay for their training and board as well as other horse-related expenses, according to federal prosecutors in Vermont.
The U.S. attorney’s office said Tucker also defrauded People’s United Bank (formerly the Chittenden Bank) and KeyBank by writing large checks on accounts with insufficient balances, to the tune of $18,000, also for horse-related items.
And she wrote bad checks to local individuals and businesses who also suffered losses, prosecutors said.
Tucker was arrested by the U.S. Secret Service in August 2010 and pleaded guilty to an indictment in June 2011.MORE IN This Just In
- Most Popular
- Most Emailed
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Archaeologists find a leather shoe in a cave in Armenia that predates the Pyramids by more than a thousand years.
- RICHARD'S POOR ALMANACK: On this day in 1932, President Hoover orders the Army to evict bonus marchers from Anacostia Flats; author Malcolm Lowry born this day, as is Jackie Kennedy and Mike Bloomfield; Stephen Crane on consuming one's own heart.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Earth barely avoids being blasted by immense solar flare in 2012, astrophysicists say next time might not be so lucky.
- RICHARD'S POOR ALMANACK: On this day in 1898, Nelson Miles leads American troops into Puerto Rico during Spanish-American War, Bob Dylan electrifies Newport Folk Festival in 1965, author and longshoreman Eric Hoffer born this day in 1902.
- TOMORROW'S HEADLINES TODAY: No charges to be filed inconnection with crash of city police cruiser, farmers group turn to Internet to raise money for solar project, Street Talk polls passersby about legal marijuana.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information for Friday, July 25, and easily digestible news tidbits: Mysterious enormous hole in the Siberian tundra baffles scientists.