S.C. State Senator Found Guilty
SPARTANBURG, S.C. (AP) _ A state senator was found guilty Thursday on three fraud counts stemming from a falsified home-loan application.
Charles Tyrone ``Ty″ Courtney was convicted of bank fraud, mail fraud and making false statements on a loan application. Jurors deliberated for about three hours after a four-day trial.
Federal prosecutors said Courtney, a 48-year-old Republican from Cowpens, made the false statements to secure two loans.
They said Courtney failed to disclose an existing mortgage on one piece of land and his wife’s co-ownership in another when he applied for a $150,000 mortgage in 1996.
Defense lawyers maintained that Courtney, a lawyer whose license was suspended in February, made mistakes on a loan form he was unfamiliar with.
No sentencing date was set. Courtney faces a maximum 30-year prison sentence and a $1 million fine on each count, though prosecutors say the penalties will be less than the maximum.
Under state senate rules, President Pro Tem John Drummond must immediately suspend Courtney. The suspension will remain in effect until Courtney exhausts his appeals, resigns or his term expires.
``It’s sad. It’s sad,″ Drummond said. ``When one of us is hurt, all of us bleed.″