Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, fifty, chairman out of Sioux Valley Offers within the Cherokee, Iowa, siphoned off at the least $1 million of one’s thrift’s fees to his personal membership and you will took kickbacks of Colorado designers. Odom got half dozen years. Snyder, 36, the fresh new thrift’s vice president, pleaded guilty so you’re able to pocketing a good $eight,100 financial insurance rates check, then aided federal prosecutors complete Odom. His award: a sentence out of forty five months. Lickiss got 80 days.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard These loan originators, 30, thirty-two, twenty-seven, and you will 30, respectively, has worked within ComFed Deals Bank in Lowell, Massachusetts
It increased commissions $200,000 by giving fund to help you unqualified consumers by most other techniques. Rydell changed a single to a eight towards an applicant’s money report. The guy got two years probation. Savard got a month into the prison, $17,000 in fines and restitution. The rest wait for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Financial getting Offers during the Boston, grabbed kickbacks towards financing funneled towards the financial by Guarnera, 52. To own charges from $step one,one hundred thousand or more, which he split which have Guarnera, Motroni lent into the uncreditworthy. One repeat customer are Ford specialist Anzivino, 46, which lent getting themselves and you can unqualified auto customers. Anzivino had 10 months in the jail. Motroni, eighteen months; Guarnera, a couple of years.
Henry Leo Ewald Entrepreneur Ewald, 48, forged his solution to a $6.5 mil mortgage off First Government out of Pontiac, Michigan, into a condo strengthening he did not individual. The guy did fulfill notice payments. Thirty-eight months.
Kent Higdon C.W. Jackson Higdon, 38, vice president at first Southern area Coupons in Pascagoula, Mississippi, misstated guarantee into loans so you’re able to Jackson. Higdon awaits sentencing. Jackson got probation.
George McLemore forty, a customers at Eastover Financial to own Deals for the Petal, Mississippi, kited checks into song out-of $173,542. This new court chose to provide the highflying McLemore five weeks in prison.
Lickiss, 41, Sioux Valley’s assistant and you will treasurer, altered the brand new times of one’s board out-of directors’ meetings on Odom’s behest showing that the directors acknowledged financing that they had for the facts never ever heard of
Rebecca Killen 48, secretary movie director from the Unifirst Financial to own Savings when you look at the Philadelphia, Mississippi, kited $80,100 of inspections certainly one of 17 buyers accounts, forging signatures since the she ran. Sentenced so you’re able to nine weeks into the jail.
Megan McDonald Lee Welch Welch and you can spouse McDonald, each other twenty six, used phony records to try to get $six,045,878 when you look at the fund out of those financial institutions https://pdqtitleloans.com/payday-loans-nc/ and you will thrifts. Welch had 6 step one/24 months; Mcdonald, half a year.
Neal Dellocono Robert Fuhrman There’s a lot of trouble from the River City Government during the Baton Rouge, Louisiana. President Dellocono, fifty (right), would not lure people getting apartments the guy owned, very the guy called for no down money and you will River Town lent them an entire price. In the another type of case, Fuhrman, 49, a creator, lent $400,100000 to have a genuine property enterprise. The guy invested the bucks someplace else. Dellocono, aware of their preparations, pocketed $104,000 within the kickbacks. Dellocono got few years; Fuhrman, three.
Clinton Mayes Jr. 39, movie director out of State Mutual Government Savings & Financing Connection inside the Jackson, Mississippi, pretended while making finance so you can users while you are using the currency — a total of $134,100 — to possess himself. 12 months into the jail.
Linda Shunk Philip Shunk Mrs. Shunk, forty, chairman of Republic Lender getting Deals inside the Jackson, Mississippi, and her partner, 39, the fresh old boyfriend-president, produced unauthorized money. Loss: $72 million. Loose time waiting for sentencing.
Donald Snede 40, CFO regarding Midwest Federal when you look at the Minneapolis, certainly four indicted authorities during the Midwest, acknowledge the guy doctored the fresh new courses, providing Midwest to offer debentures whether it is around insolvent. Awaits sentencing.
Sharon Newbill 54, a vice-president of First City Government Offers & Loan inside the Lucedale, Mississippi, received $19,100000 for the the new debts by embezzling of First Urban area. Newbill was sentenced in order to a crisp three years probation.