SOUTH BEND — A Mishawaka businessman was sentenced today to 46 months in federal prison for bank fraud.
U. S. District Court Judge Robert Miller Jr. handed down the sentence to Troy Treat, 44, of Edwardsburg, who three months ago entered a guilty plea to the charge.
After completing his sentence, Treat will serve three years of supervised release. He also was ordered to pay a $10,000 fine and make $397,787 restitution, with $250,000 directed to Teachers Credit Union and the nearly $150,000 difference to Bank of America (formerly Standard Federal Bank).
Treat admitted, according to court documents, to making false statements and using false pretenses on loan applications and to misrepresenting and inflating the value of multiple real estate parcels owned either by him personally or his company, T & R Investments. He also misrepresented rental income earned through leasing of real estate, the documents state.
Treat’s name has been in the news since a 2009 fire that destroyed Legends Sports Bar & Grill on Michigan 62 in Edwardsburg, which he owned. Authorities determined the fire was arson but no arrests have been made.
Treat has denied involvement and the Bureau of Alcohol, Tobacco, Firearms and Explosives has yet to formally identify him as a suspect. An investigation is continuing.
Staff writer Lou Mumford: