William Liddle, the former business lending vice president found guilty of 54 counts of fraud that led to the near collapse of AEA Federal Credit Union, has been sentenced to prison for 15 years.
Liddle, who was sentenced on Friday, will also have five years of supervised release.
Liddle was initially set to be sentenced May 21 but he notified Phoenix police that he was reportedly stabbed that day. Both police and U.S. District Judge Susan Bolton questioned the timing of the incident.
Bolton had previously gave Liddle until noon that day to turn in documentation proving that he had been stabbed or she would issue a warrant for his arrest. Liddle’s attorney provided the proof.
According to police, the stab wound to the chest was not life threatening and Liddle was released from the hospital.
Liddle’s wife, Rhonda, was sentenced May 21 to 12 months’ home incarceration and five years of supervised release for her role in the loan scheme. A co-conspirator, developer Frank Ruiz, was sentenced to two years in prison.
A restitution hearing is scheduled for June 19.
Meanwhile, according to the NCUA, AEA FCU reported financials for the first quarter that included improvements in net worth and a decrease in loan delinquencies and charge-offs.