LAKE IN THE HILLS – A Lake in the Hills man was sentenced Wednesday to one year in federal prison for fraudulently applying for federal student financial aid in his son’s name and other fraud charges.
William J. Falbo Sr., 47, of Lake in the Hills pleaded guilty to the charges in March, saying that he used false tax returns and other documents to apply for federal grants and loans in his son’s name.
Falbo admitted in the plea that he had agreed to pay for his son’s education after he divorced his son’s mother. Without his son’s knowledge, Falbo falsified documents and forged his son’s name on documents. In the falsified income tax return, Falbo stated that his income in 2003 was $47,227, when it actually was $233,403.
U.S. District Judge Frederick J. Kapala found that Falbo defrauded Fifth Third Bank out of $23,000 in connection with an account that he opened in his son’s name and opened a Discover card in the name of someone else without that person’s permission.
In addition to one year in prison, Falbo also will serve three years of supervised release and must pay a total of $42,469.45 to the victims of his crimes.