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Buffalo man to pay $8.7M in restitution after fraud scheme, sentenced to 7 years in prison

Ava Martinez
Reporter · Thursday, November 5, 2026 at 7:48 PM · 1 min read
Buffalo man to pay $8.7M in restitution after fraud scheme, sentenced to 7 years in prison — Yonkers Community news

BUFFALO, N.Y. (WIVB) -- A Buffalo man has been sentenced to more than seven years in prison and will pay nearly $9 million in restitution after submitting hundreds of fraudulent financing applications, the United States Attorney's Office said Thursday. Paul Paredes, 54, was sentenced to seven years and three months in prison and was ordered [...]

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