Brooklyn man gets 2 years prison for advance fee scheme

Octavio Lombardo, 68 , got two years sentence for making over 1 million dollars by taking $25,000 from about 36 small businesses in promising them financing from banks across the country. The problem is that he had no connections to any bank. He basically lied to people to steal their money.  He must have made a nice presentation to con so many store owners. He claimed that  he had to do due diligence , requested financial documents from the stores and make on site visits.
See story here..https://www.justice.gov/usao-sdny/pr/brooklyn-man-sentenced-manhattan-federal-court-connection-advance-fee-scheme

How did he get caught? The story does not say but I can assume people started complaining when no one got a loan. He used the money for personal expenses. The scam went on for 6 years.

He also has restitution of the amount he stole.

I looked him up online and I beleive he fooled bloomberg news too, if this is the same person, I am not 100% sure. It talks about regional banks so maybe it is the thief.

I have trouble getting items into store on consignment and this con man got 25,000 out of 36 stores. He must have been very charming or maybe he hired a woman with a mini skirt to con people.

To see what he can expect in federal prison, go here...http://www.amazon.com/gp/product/B011GTWLOG