Posts Tagged ‘Bank Fraud’
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 — 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 — Appeal Court Overturns Community Banker’s Fraud Conviction
April 15, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Appeal Court Overturns Community Banker’s Fraud Conviction David Weimert’s 18-month sentence for bank fraud has been nullified on appeal and he walked out of a federal prison this week. Weimert was president of Wisconsin-based Anchor Bank’s real estate subsidiary. During the height of…
Read MoreFraud Friday — Former TierOne Chief Credit Officer and COO Sent to Jail
April 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former TierOne Chief Credit Officer and COO Sent to Jail 21 months for James Laphen and 34 months for Don Langford The two were sentenced after former the founder and CEO Gil Lundstrom got his 11 year sentence last month. Senior bank officials…
Read MoreFraud Friday — Georgia Community Bank ex-CEO gets 7 years in Jail for Fraud
March 4, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Georgia Community Bank ex-CEO gets 7 years in Jail for Fraud “Today, another TARP banker was sentenced to jail for hiding a bank’s past due loans during the crisis to make the bank appear healthy,” sys Christy Goldsmith Romero, Special Inspector General for…
Read MoreFraud Friday — The Three Warning Signs of Bank Fraud
July 31, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — The Three Warning Signs of Bank Fraud Christmas has come early for you fraud junkies. SIGTARP has issued her 584 page quarterly status report to Congress. Some like to binge Netflix’s releases — some, like me, love to binge read this fraud stuff.…
Read MoreFraud Friday — Bank of Oswego’s First Guilty Plea
July 24, 2015 By Bob Coleman Editor, Fraud Friday Following last month’s arrest of the former CEO and CFO of Bank of Oswego, the chief BDO and rainmaker of the bank pled guilty Wednesday for his role in cooking the books for the regulators. During the recession, the Portland, Oregon suburban bank was an outlier.…
Read MoreMug Shot Monday — Community Bank CEO, CFO Arrested for Hiding Bad Loans from FDIC
June 29, 2015 By Bob Coleman Editor, Mug Shot Monday Oregon-based Bank of Oswego former CEO Dan Heine and his former CFO Diana Yates were arrested Friday on 27 counts of bank fraud. The indictment alleges the two conspired to bring $1.3 million delinquent loans current, thus hiding a number of bad loans from the…
Read MoreMug Shot Monday — Another Community Bank President Guilty
May 11, 2015 By Bob Coleman Editor, Mug Shot Monday Add Poppi Metaxas to the list of community bankers jailed after her bank received TARP funds. She faces five years in prison for her guilty plea of bank fraud for her role in defrauding the bank of $1.8 million. ‘While Gateway Bank was applying for…
Read MoreFraud Friday — Fraud Charges Against More Wilmington Trust Officers
May 8, 2015 By Bob Coleman Editor, Fraud Friday Add the former Chief Credit Officer and Controller to the list of Wilmington Trust bank officers criminally charged in the Delaware bank’s failure. The feds allege that Kevyn Rakowski, and William North omitted approximately $351 million of matured loans 90 days or more past due from…
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