May 31, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud U.S. Attorney Geoffrey S. Berman says this past Wednesday, “Edward Shin, the CEO of a Pennsylvania bank, allegedly exploited his position as a bank officer to illegally issue Small Business Administration loans to entities in…

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May 17, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Credit Union VP Pleads Guilty to Fraud A former credit union vice president from Vancleave, Mississippi, pled guilty to theft from a credit union in U.S. District Court in Gulfport. Merideth Christina McMillan, 46, was accused of stealing more than $350,000…

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May 3, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud The former CEO of a Minnesota credit union who was accused of stealing more than $10 million, pleaded guilty to stealing at least $2.5 million after a five-year investigation by the FBI. Margurite…

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March 22, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Credit Union VP Busted for Fraud A former credit union vice president from Vancleave, Mississippi, pled guilty to theft from a credit union in U.S. District Court in Gulfport. Merideth Christina McMillan, 46, was accused of stealing more than $350,000 from…

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March 15, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Missouri Rancher Indicted in Million Dollar Ponzi Scheme A self-proclaimed cattle buyer from Clinton, Missouri has been sentenced to eight years in federal prison and ordered to pay more than $3.2 million in restitution for his part in hatching a cattle-buying…

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March 1, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Bank Officer Sentenced for Embezzlement A former Mississippi bank officer has been sentenced to two years in federal prison for embezzling funds from a bank where he worked after the bank received $34 million in government assistance from the United States…

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February 15, 2019 By Dominic Bartolone Contributing Editor, Fraud Friday Fraud Friday – $100M Florida Fraud Leads to Bank Failure An eccentric businessman who hobnobbed with Miami’s elite is headed to federal prison after being found guilty of fraud on a financial institution. Jack Kachkar, 55, former CEO of Inyx, a specialty pharmaceutical company in…

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