Kwanghee Anh, a 46-year-old Dallas resident, was sentenced to 58 months in federal prison for participating in a multiyear bank loan fraud scheme and ordered to pay about $8.34 million in restitution to affected financial institutions. Anh pleaded guilty on March 17 to one count of conspiracy to commit bank fraud. Prosecutors said that from January 2014 through March 2016, while working at Preferred Marketing Group, Anh and associates falsified IRS W-2 forms, pay stubs and employment records to inflate borrowers' income, fabricate employment and support loan applications containing false information. The scheme led lenders, including federally insured financial institutions, to issue at least $10 million in fraudulent loans and credit products and caused more than $8.3 million in losses.