Frank Ruiz, a real estate developer involved in a business lending kickback scheme that led to the collapse of AEA Federal Credit Union, may only receive up to 12 months in prison for his role.
Ruiz previously pled guilty to several fraud counts for paying William Liddle, AEA's business lending officer, more than $1 million in bribes to approve $50 million in business loans.
Federal prosecutors in Phoenix, where Liddle's trial recently wrapped up, recommended that Ruiz have a sentence of no more than 12 months and three years of probation for his assistance in testifying against Liddle, according to local media reports.
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