Co-conspirator sentenced to prison for conspiracy to defraud Wachovia
Scott Welch, 48, of Mooresville, N.C., was sentenced Thursday, June 30, to 70 months in federal prison, to be followed by a supervised release term of three years, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. In addition, U.S. District Judge Max O. Cogburn, Jr. ordered Welch to pay restitution in the amount $11,221,462 to Wachovia and $1,713,083 to the Internal Revenue Service (IRS). Welch’s co-defendant, John P. Cousar, Jr., 48, a retired Charlotte firefighter, was also sentenced today to 33 months imprisonment, to be followed by three years of supervised release. Cousar was ordered to pay restitution in the amount of $5,901,593 to Wachovia and $1,124,448 to the IRS.