Jeannette businessman gets 18-month term for wire fraud
A Jeannette businessman will spend 18 months in federal prison for defrauding the Small Business Administration on a $1 million loan and a White Oak investor on a $400,000 loan, a judge ruled on Friday.
U.S. District Judge Nora Barry Fischer sentenced James “Mick” Conde, 65, for his guilty plea to one count of wire fraud.
Conde and Thomas Kemerer operated Precision Powder Coating and Graphics in Jeannette. They told Sky Bank, which provided the SBA-backed loan, and the private investor that they would use the $1.4 million to buy equipment, but they used it for personal and living expenses, prosecutors said.
Conde told the judge that he had “little honor or integrity left” and apologized.
“My remorse knows no bounds,” he said. “I have been law-abiding without even a traffic ticket in 65 years.”
Conde's attorney, Jay Finkelstein, asked Fischer for a non-prison sentence, saying Conde is the lone caregiver for his ailing wife and that he won't be able to pay back the losses if he's in prison.
Fischer said she dipped below sentencing guidelines that called for a range of 33 to 41 months, which Assistant U.S. Attorney Shaun Sweeney had asked for, but she declined to impose anything lighter. The judge said Conde's two daughters will have to “step up to the plate” to care for his wife while he's in prison.
“All this time has passed, and there's been no real effort to repay these loans,” Fischer said.
Conde and Kemerer used bogus documents to secure the loans from Sky Bank and private investor Wayne King.
The scheme ran from 2002 to 2003, according to the indictment. Conde and Kemerer established Precision Powder Coating and Graphics in Jeannette in 2002, and it went out of business in 2005.
Fischer sentenced Kemerer, 65, of Greensburg last month to two years in prison for his plea to wire fraud.
The company was going to powder coat and etch metal parts for vehicles and equipment. Conde served as president, and Kemerer was chief financial officer.
The company defaulted on the Sky Bank loan, which was guaranteed by the SBA, and the company never repaid King.
Fischer also ordered three years of federal supervision upon Conde's release from prison and $1.8 million in restitution.
Bobby Kerlik is a staff writer for Trib Total Media. He can be reached at 412-320-7886 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Woman foils robbery attempt in Pleasant Unity
- Cancer fundraiser pays tribute to Donegal man
- New Geyer Choir hopes to hit high note at Scottdale theater
- Irwin class helps recovering addicts, families find peace through art
- Monessen man gets long prison term, then gets married
- 33 from Westmoreland County inducted into state’s Voter Hall of Fame
- Greensburg man, out on bond, ID’d in robbery
- Greensburg man accused of flashing teen boys
- Unity day care operator loses appeal of sentence
- YMCAs work out plan to open access to most facilities in Pa.
- Medical center ‘monstrosity’ near end in Jeannette