Charles V. Stanley Jr., 65, of Agua Dulce, Calif., will spend the next six years of his life in a federal prison for a multimillion-debt fraud scheme that victimized eight credit unions in California, Nevada and Washington, other businesses and individuals.
U.S. District Judge John A. Mendez in Sacramento rendered Stanley’s sentence last week after he pleaded guilty to conspiring to commit bank fraud and wire fraud, McGregor W. Scott, U.S. Attorney for the Eastern District of California said.
Stanley owned Creditor Specialty Service Inc., an Acton, Calif.-based debt collection company. Credit unions and other businesses contracted with CSS to collect debts from members and customers.