Tuscaloosa businessman sentenced for fraud - WLOX.com - The News for South Mississippi

Tuscaloosa businessman sentenced for fraud

Source: MGN Online Source: MGN Online

A Tuscaloosa business owner will spend the next three years in prison for fraud.

Federal judge Scott Coogler sentenced Danny Ray Butler on Tuesday.

Butler owned and operated Butler Wholesale Inc., a used car lot in Tuscaloosa, and Fosters Groceries, LLC, a company created to build a grocery store in Fosters.

Butler pleaded guilty to bank and wire fraud that cost several banks and the Small Business Administration more than $3 million.

In addition to prison time, the judge ordered Butler to repay the government nearly $2 million and pay restitution to the SBA, Next Gear Capital and Alabama One Credit Union.

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