Man sentenced to 7 years in federal fraud scheme

44-year-old misused business money for gambling, faced maximum 195 years on multiple counts

A Madison-area businessman was sentenced in federal court Wednesday afternoon in connection with a bank fraud case.

Madison-area businessman convicted of bank fraud scheme

DOJ: Christian Peterson found guilty of 8 of 13 counts

A Madison-area businessman was convicted Thursday of a financial fraud scheme including bank fraud, making false statements and money laundering, according to a state Department of Justice release.