PRESS RELEASE

FOXBORO MAN PLEADS GUILTY TO LOAN FRAUD CHARGES

Boston, MA... A Foxboro man was convicted late Friday in federal court on charges of conspiracy and bank fraud.

United States Attorney Michael J. Sullivan and Kenneth W. Kaiser, Special Agent in Charge of the Federal Bureau of Investigation, in New England, announced today that THOMAS H. CABANA, age 62, of 3 Everett Lane in Foxboro, pleaded guilty before U.S. District Judge Mark L. Wolf to an Indictment charging CABANA and his wife JANET SMITH with one count of conspiracy and 9 counts of bank fraud. SMITH pleaded guilty to the same charges on March 22 . Judge Wolf scheduled sentencing nd of both defendants for June 27, 2006.

At the plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government’s evidence would have proven that CABANA and his wife SMITH owned and
operated Trip Makers, Inc. as a recreational sales and rental company in Walpole, and that between 1998 and 2001 the couple fraudulently obtained more than $600,000 in loans from
banks and commercial lenders. The evidence included proof that CABANA and SMITH fraudulently obtained multiple loans on vehicles, fraudulently sold vehicles financed by lenders,
obtained loans on vehicles Trip Makers did not own, and sold vehicles that belonged to other people.

CABANA faces up to 5 years' imprisonment and a fine of $250,000 on the conspiracy count, and 30 years with a fine up to $1 million dollars on each of the 9 bank fraud counts, to be followed by 3 years of supervised release.

The case was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant U.S. Attorney Victor A. Wild of Sullivan’s Economic Crimes Unit.

Press Contact: Christina Dilorio Sterling, (617) 748-3356