Shawn Cannon, St. Louis, Missouri, was sentenced to 60 months in prison on bank fraud, bankruptcy fraud, and identity theft charges.
According to court documents, Cannon knew he would be unable to qualify for a loan to purchase a home using his true identity. So, between August and October 2005, Cannon used fraudulent information, including a false Social Security number and false payroll information, to obtain a loan from Pulaski Bank to purchase a personal residence in Florissant, Missouri, for approximately $300,000. Cannon failed to make required payments. In December 2008, Cannon filed a Chapter 13 bankruptcy petition in the United States Bankruptcy Court, again using the false Social Security number.
Shawn Cannon pleaded guilty in June 2009 to one felony count of bank fraud, one felony count of bankruptcy fraud, and one felony count of aggravated identity theft. He appeared for sentencing before United States District Judge E. Richard Webber.
Acting United States Attorney Michael W. Reap announced the sentencing.
“This sentence demonstrates that abuse of the bankruptcy process will not be permitted,” stated Nancy J. Gargula, United States Trustee for Region 13, which includes the Eastern District of Missouri.
Members of the Eastern Missouri Bankruptcy Fraud Working Group include representatives of the United States Attorney’s Office for the Eastern District of Missouri; Office of the United States Trustee for Missouri, Arkansas and Nebraska (Region 13); Federal Bureau of Investigation; Internal Revenue Service; United States Postal Inspection Service and Social Security Administration, among others. The U.S. Trustee Program is the component of the Justice Department that protects the integrity of the bankruptcy system by overseeing case administration and litigating to enforce the bankruptcy laws. This case was referred to the U.S. Attorney by the St. Louis office of the U.S. Trustee Program.
Reap commended the work performed on the case by the investigating agencies, including the Social Security Administration, U.S. Postal Inspection Service, and FBI. Assistant United States Attorney John Bodenhausen and Special Assistant United States Attorney Leonora Long, of the U.S. Trustee’s St Louis office, handled the case for the U.S. Attorney’s Office.