Posts Tagged ‘Fraud Friday’
Fraud Friday — Ex-Mayor, Bank SVP Sentenced to 13 Years for $6 Million Loan Fraud
March 23, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Ex-Mayor, Bank SVP Sentenced to 13 Years for $6 Million Loan Fraud A photoshop fake loan documents expert who was an ex-mayor, bank executive and church leader of Enid, Oklahoma — 65 year-old Ernie Currier — will be spending his golden retirement years…
Read MoreFraud Friday — Jury Finds Two Arkansas Community Bankers Not Guilty of Bank Fraud
November 18, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Jury Finds Two Arkansas Community Bankers Not Guilty of Bank Fraud Former One Bank & Trust community bankers Michael Heald and Brad Paul have been acquitted of charges related to a 2007 loan after a three-week trial in federal court in Little Rock.…
Read MoreFraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids
October 21, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids Check out this story by Linda Satter of the Arkansas Democrat-Gazette about the widespread fraud at One Bank. Two former Arkansas bank execs are on trial…
Read MoreFraud Friday — SBA Fraud Charges Dismissed Against Arkansas Community Banker John Stacks
August 5, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Fraud Charges Dismissed Against ex-Arkansas Community Bank CEO The case is over for John Stacks who became a poster child with conservative groups for overzealous federal government led “gestapo” SWAT raids and wrongful prosecutions. His crime said the feds? Submitting false financial…
Read MoreFraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud
July 29, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud Today’s fraudster signed a version of SBA Form 1920, certifying “the above information is true and correct.” for a 7(a) loan. But, he knew it wasn’t true and correct. “This SBA application…
Read MoreFraud Friday — The Boys and their Toys, Community Banker CEO Style
July 22, 2016 Fraud Friday — The Boys and their Toys, Community Banker CEO Style By Bob Coleman Editor, Fraud Friday It’s a nice list of toys. Corvettes, SUVs, some really nice RV’s, a Kibbi trailer and a “Classic” trailer — hope he had at least some sense and got an Airstream. Former Wisconsin-based Farmers…
Read MoreFraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts
July 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts Paul Doughty’s ten fraud guilty verdicts by an Oklahoma federal jury has the 67-year old community banker facing life in prison. First State Bank of Altus was seized by regulators during the…
Read MoreFraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members
June 23, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members Pennsylvania-based Valor Credit Union’s former CEO has pled guilty to two counts of bank fraud. Sean Jelen says he stole $718,000 for his wife’s birthday party, a bunch of…
Read MoreFraud Friday — Loan Broker Pleads Guilty to Bribing SBA Department Manager
May 20, 2016 By Bob Coleman Editor, Fraud Friday Jocelyn J. Brown, a loan broker for the now-defunct San Diego-based La Jolla Bank, has pled guilty to making false statements in relation to an investigation into bribes paid to the bank’s Vice President and SBA lending department manager Amalia Martinez. As part of her guilty…
Read MoreFraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan
May 13, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan “Rodney Dunn is charged with using his employment at a TARP bank to defraud lenders in a movie production financing scheme,” says Christy Goldsmith Romero, Special…
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