Former Mercantile official is sentenced

June 28, 2008

A former Mercantile Bankshares Corp. vice president was sentenced yesterday to one year and one day in federal prison after being convicted of two counts of mail fraud in connection with a scheme to bilk the company out of more than $900,000 according to the Maryland U.S. attorney's office.

Thomas W. Small, 53, of York, Pa., also will have to serve five years of supervised probation and pay back $913,000 taken from the Baltimore-based company between March 1997 and August 2003, when he was vice president in charge of information technology.

In October, Small pleaded guilty to running a computer and technology consulting business out of his home and directed Mercantile to pay more than $900,000 through two outside contractors to his business and to a relative, according to federal prosecutors.

The prosecutors said in a statement yesterday that Small used the money to buy a car, pay off credit cards and a home equity line of credit, and remodel and landscape his house.

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