Posts Tagged ‘Mug Shot Monday’
Mug Shot Monday – CU President Indicted for Concealing Delinquent Loans
July 21, 2014 By Bob Coleman Editor, Coleman Report This one is a head scratcher. On the surface, the fraud doesn’t make any sense. Today’s alleged perp didn’t benefit monetarily, and threw away a 17-year tenure as the credit union president for a half million fraud – that benefited others. The ex-president of Tazewell County…
Read MoreMug Shot Monday – 10 Years for $14 Million Fraud for Former Key Bank Business Development Officer
July 7, 2014 By Bob Coleman Editor, Coleman Report Walter Fox was making a cool $100,000 as a BDO for Key Bank in Maine before he abruptly resigned in September 2012, emailing his supervisor, “This isn’t fun anymore. As of today, I resign.” In a failed attempt to have his sentence reduced, his attorney provided…
Read MoreMug Shot Monday – Former Bank CEO Sues SBA, IRS for Excessive Force in Execution of Search Warrant
June 30, 2014 By Bob Coleman Editor, Coleman Report The former CEO of HomeBank of Arkansas who has been indicted for SBA disaster loan fraud, has filed a lawsuit against the federal government. John Stacks has been embraced as the poster child of government overreach, when federal agents conducted a “SWAT team raid” with drawn…
Read MoreMug Shot Monday – Four Years for $6.5 Million Fraud
June 9, 2014 By Bob Coleman Editor, Coleman Report That’s what a Missouri medical equipment broker gets for ripping off Pulaski Bank. Michael Filmore sold medical equipment and needed a line of credit to finance the acquisition of equipment for his customers. For collateral, he provided his stock statements listing millions of dollars in securities.…
Read MoreMug Shot Monday – Arkansas Banker under Investigation for Loan Fraud for Obtaining $4.5 million from 18 Banks using the Same Collateral
April 28, 2014 by Bob Coleman Editor, Coleman Report Mug Shot Monday – Arkansas Banker under Investigation for Loan Fraud for Obtaining $4.5 million from 18 Banks using the Same Collateral While an indictment has not been filed against former Arvest Bank’s CEO of Benton County, the allegations published by Arkansas Business are painting a…
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