NEW ORLEANS (AP) - A federal appeals court has ordered a new sentence for a Texas businessman convicted last year of lying to a Sherman bank.
A federal judge in Sherman sentenced James W. Sandlin to three years in prison for twice failing to disclose a $996,000 debt obligation in 2006 personal financial statements to Independent Bank.
However, Sandlin's sentence had been enhanced under a federal law pertaining to gross receipts of at least $1 million from the illegal acts. A three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans ruled there was insufficient evidence that he unlawfully took that much, so it ordered the 58-year-old Sandlin to be re-sentenced.
Sandlin is also under indictment with former U.S. Rep. Rick Renzi of Arizona on conspiracy, mail and wire fraud and extortion counts in Arizona.
(Copyright 2009 by The Associated Press. All Rights Reserved.)