Scott Menaged

The 40-year-old Menaged pleaded guilty in the case in October 2017. Menaged owned and operated furniture stores in the Phoenix metro area and a real estate investment business. He was arrested in May 2017 for allegedly embezzling millions of dollars in loans meant for real estate purchases and providing fake purchase documents to conceal the fraud. Prosecutors say Menaged was accused of fabricating receipts of furniture store purchases and using the information of recently deceased people for bank credit applications.