A Gardena man who ran a multi-year scam and defrauded lenders of nearly $1 million was sentenced Monday, May 24, to 13 and 1/2 years in prison, federal prosecutors announced.
Troy Rustill Stroud, 54, was sentenced after pleading guilty to one count of conspiracy to commit wire fraud in August 2020. When he pleaded guilty, Variety reported that Stroud was an independent film producer and director known as Grayson Stroud.
He was also ordered to pay $968,196 in restitution, according to the U.S. Attorney’s Office.
Stroud had been in federal custody since his arrest in May 2020.
Stroud created several “shell corporations” — companies that purported to be in business, but did none — that included kitchen remodeling companies Glorious Oak Company and Glossy Grape Investments Inc. and an audio visual company, Polished Pine Group, prosecutors said.
Stroud then applied for business loans from at least 22 financial institutions using the names of 14…