Banker in jail

[NewsWhore]

Pedro Castillo, former president of the Banco del Progreso, turned himself in to officials yesterday and was promptly taken away to the Najayo jail where he will begin to serve his 10-year sentence for a RD$14 billion banking fraud. He will remain in jail, unless paroled, until 2019. No word from officials on whether or not Castillo will have special rooming assignments in jail, or whether he will be jailed with the general prison population. Castillo was ordered to pay RD$2.5 million in fines and RD$12 billion in compensation. He was also fined US$80 million by a court in Miami.

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