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Tag Archives: Bank Fraud

Kansas Man Pleads Guilty to TARP Bank Fraud

Timothy P. Fitzgerald, 56, of Leawood, Kansas, pleaded guilty on Monday to participating in a scheme to defraud the Bank of Blue Valley, which eventually accepted approximately $21 million in troubled asset loans from the U.S. Treasury.

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Sr. Bank Executive Pleads Guilty to Conspiracy

The office of the Special Inspector General for TARP (SIGTARP) announced another victory in its fight to detect and punish fraud against banks that received funds as part of the Troubled Asset Relief Program. Michael W. Yancey pleaded guilty on Wednesday to one count of conspiracy to make false statements on a loan application. Yancey was a former senior vice president and commercial loan officer at TARP recipient Farmers Bank & Trust (Farmers Bank) in Great Bend, Kansas.

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Former Bank President Pleads Guilty to TARP Fraud

The Federal Reserve Board announced the issuance of a Consent Order of Prohibition against Darryl Woods, the former president and chairmen of the board of directors of Calvert Financial Corporation. Woods also served as the former CFO and chairman of the board of directors of Mainstreet Bank.

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4 Indicted in ‘Massive Bank Fraud Scheme’

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that four men—Sean Cutting, Brian Melland, Bijan Madjlessi, David Lonich—have been indicted on federal charges of conspiracy, bank fraud, wire fraud, money laundering, false statements to a bank, false bank entries, and obstruction of justice.

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Missouri Businessmen Plead Guilty to Fraud

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that James Crews and Michael Hilbert pleaded guilty to defrauding Excel Bank. According to plea agreements, Crews and Hilbert admitted to making false statements to Excel Bank with respect to escrow funds or “fix funds” set aside to repair rental homes financed through the bank.

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TARP Bank Executive Indicted on Bank Fraud Conspiracy

A former bank executive for a Troubled Asset Relief Program (TARP) bank has been indicted in a bank fraud conspiracy. The announcement came from the Office of the Special Inspector General for TARP (SIGTARP), which commented that Gary Alan Rickenbach of Little Rock, Arkansas has been indicted on one count of conspiracy to commit bank fraud.

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Colorado Man Pleads Guilty to Bank Fraud

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Christopher Tumbaga of Colorado Spring, Colorado pleaded guilty to one count of bank fraud and to one count of illegally receiving kickbacks for procuring loans.

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