Bank Fraud

A former bank president has pleaded guilty to conspiracy to commit bank fraud and make false statements to federal regulators. Jerry J. Williams, the former president of Orion Bank, faces 15 years in federal prison. 

They hijacked identities on the other side of the globe … faked drivers’ licenses and other documents … built bogus credit histories and boosted the scores in clever ways … then used it all to open bank accounts and credit lines they could loot at will. 

The list of people charged with financial fraud involving TARP rescue funds is

This is not the typical bank fraud case. This one involves Mark Conner, the former president of FirstCity Bank of Stockbridge, Georgia. Conner has pleaded guilty to charges of conspiracy to commit bank fraud in connection with misconduct at FirstCity Bank in the years before the bank’s seizure by state and federal authorities on March 20, 2009.

From October 2006 to October 2008, Lisa Brooks was employed by Hancock Bank as an auditor in the Recoveries Department in Long Beach, Mississippi. During that time, she received checks at Hancock Bank for collection matters, which were made payable to Hancock Bank, and she would deposit them into a general ledger account and prepare money orders to post to the individual charged-off accounts.

Thinh Viet Tieu, the owner, operator, and financing broker of NXCESS Motor Cars and All State Motors, has been sentenced to federal prison for bank fraud arising from a check kiting scheme perpetrated on a Houston bank. 

In one of the largest credit union failures in American history, St. Paul Croatian Federal Credit Union in Eastlake, Ohio, went into conservatorship and then forced liquidation in April 2010. That resulted in a $170 million loss to the National Credit Union Share Insurance Fund. 

Kwong Hung Lam, also know as “Eric Lam,” the president and sole owner of New Century Enterprise Inc., an importer and distributor of casual apparel headquartered in Farmingdale, New York, had been sentenced to four years of imprisonment for making false statements to a financial institution and ordered to pay $6,035,457 in restitution. 

He was charged with bank fraud, pleaded guilty to bank fraud, and now is going to prison for bank fraud. Michael John Young, the former president of Alabama Central Credit Union, has been sentenced to 17 months, and ordered to pay $140,000 in restitution to the credit union.

Mary S. Becker had been employed by the Jersey State Bank since approximately 1976. During her employment she held various positions including assistant cashier, a director of the bank holding corporation, and executive vice president.