Five Convicted In IBM Computer Leasing Scam
HOUSTON (AP) _ Five men were convicted and sentenced Wednesday in a computer-leasing scam that cost IBM as much as $13 million.
The verdicts capped a month-long trial.
Robert Munkatchy, 43, owner of the defunct Comtec computer leasing firm, and attorney Garry V. Wilburn, 49, each received five years in prison. Harold T. Crum, 51; James C. Bond, 55; and Daina Craig Wilburn, 37 were sentenced to 10 years’ probation.
All five have appealed and were freed on bond.
Munkatchy hired Daina Wilburn as a salesman, who, with his brother Garry, set up various ″shell″ companies that became customers of IBM Credit Corp.
The leases they set up for the firms involved as much as $100,000 worth of computers and $150,000 in ″complementary″ cash. Eighty-nine out of about 100 such leases defaulted.
Prosecutors said Munkatchy got about $3.2 million in the scam and Garry Wilburn about $1.2 million. Daina Wilburn, Crum and Bond got sums ranging from about $164,000 to $250,000.