Jack Lee Odom Michael Roentgen. Snyder Mary Jo Lickiss Odom, 50, president away from Sioux Valley Offers in the Cherokee, Iowa, siphoned of about $1 million of one’s thrift’s charges so you’re able to his own membership and you may grabbed kickbacks out-of Colorado developers. Odom got six many years. Snyder, thirty-six, the thrift’s vp, pleaded guilty to pocketing a great $eight,100000 home loan insurance policies check, up coming assisted government prosecutors nail Odom. Their prize: a phrase away from 45 days. Lickiss had 80 days.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard Such financing originators, 30, 32, 27, and you can 30, respectively, did from the ComFed Offers Financial for the Lowell, Massachusetts
It increased profits $two hundred,one hundred thousand from the approving loans so you can unqualified consumers and also by most other techniques. Rydell changed a single in order to a 7 into the an applicant’s money statement. He got couple of years probation. Savard had thirty day period for the jail, $17,100 inside the penalties and fees and restitution. Others loose time waiting for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Financial having Coupons from inside the Boston, got kickbacks toward loans funneled towards the lender from the Guarnera, 52. To own charge off $step one,000 or over, which he broke up having Guarnera, Motroni lent toward uncreditworthy. You to definitely repeat customers was Ford specialist Anzivino, 46, who lent to own himself and unqualified auto people. Anzivino got 10 days during the prison. Motroni, 1 . 5 years; Guarnera, two years.
Henry Leo Ewald Entrepreneur Ewald, forty eight, forged their treatment for a good $6.5 million financial off Earliest Federal out-of Pontiac, Michigan, towards the an apartment strengthening he don’t very own. The guy performed fulfill attention money. Thirty-seven months.
Kent Higdon C.W. Jackson Higdon, 38, vice president initially Southern area Savings into the Pascagoula, Mississippi, misstated security on the finance in order to Jackson. Higdon awaits sentencing. Jackson got probation.
George McLemore 40, a buyers during good site the Eastover Lender to own Savings inside the Petal, Mississippi, kited checks for the track out-of $173,542. The fresh courtroom decided to supply the highflying McLemore five weeks into the jail.
Lickiss, 41, Sioux Valley’s assistant and treasurer, altered the fresh new minutes of your own panel away from directors’ meetings on Odom’s behest to display that the administrators accepted funds they had for the fact never ever heard about
Rebecca Killen 48, secretary director in the Unifirst Bank to own Coupons in the Philadelphia, Mississippi, kited $80,000 out of inspections one of 17 customers membership, forging signatures while the she went. Sentenced to help you 9 months from inside the prison.
Megan McDonald Lee Welch Welch and you will wife McDonald, each other twenty-six, put bogus data to apply for $six,045,878 in the funds off those banking companies and you will thrifts. Welch got six step 1/2 yrs; Mcdonald, 6 months.
Neal Dellocono Robert Fuhrman There clearly was a lot of problems from the River Area Federal when you look at the Baton Rouge, Louisiana. Chairman Dellocono, fifty (right), wouldn’t attract people to own condos he had, therefore the guy called for zero down payments and Lake City borrowed them a full cost. Inside the a new circumstances, Fuhrman, 44, a designer, lent $400,100000 for a bona-fide property investment. He invested the bucks someplace else. Dellocono, aware of their agreements, pocketed $104,000 during the kickbacks. Dellocono got number of years; Fuhrman, about three.
Clinton Mayes Jr. 39, manager regarding County Common Government Offers & Loan Relationship within the Jackson, Mississippi, pretended and make loans in order to customers if you’re bringing the currency — a total of $134,000 — for themselves. 12 months inside the prison.
Linda Shunk Philip Shunk Mrs. Shunk, 40, president off Republic Bank for Deals inside Jackson, Mississippi, and her companion, 39, the fresh new ex-president, generated not authorized financing. Loss: $72 million. Expect sentencing.
Donald Snede forty, CFO away from Midwest Federal when you look at the Minneapolis, certainly five indicted officials within Midwest, admitted the guy doctored the fresh courses, permitting Midwest to offer debentures whether or not it is almost insolvent. Awaits sentencing.
Sharon Newbill 54, a vice-president from Basic City Government Coupons & Financing into the Lucedale, Mississippi, gotten $19,one hundred thousand in the this new expense from the embezzling regarding Very first Town. Newbill is sentenced so you can a crisp three-years probation.
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