TAMPA, Fla. – A Fort Myers man has been found guilty of bank fraud and faces up to 30 years in prison on multiple counts.
Joseph Pasquale, 39, of Fort Myers is responsible for the loss of about $937,000 to Wells Fargo Bank after he failed to disclose details about sales incentives to mortgage lenders, according to a federal investigation.
According to trial evidence, Pasqual, who worked as a real estate sales associate out of a Cape Coral firm, funneled funds to two clients in California and Massachusetts between October 2007 and March 2008.
A federal jury found him guilty of four counts of bank fraud and one count of conspiracy to commit bank fraud. His sentencing hearing is scheduled for April 8.