Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, fifty, chairman regarding Sioux Valley Savings for the Cherokee, Iowa, siphoned out of at the very least $1 million of one’s thrift’s charge in order to their own account and grabbed kickbacks away from Tx builders. Odom had half a dozen ages. Snyder, thirty six, the latest thrift’s vice president, pleaded responsible to help you pocketing a great $seven,100000 mortgage insurance coverage look at, then assisted government prosecutors complete Odom. Their prize: a sentence from forty five weeks. Lickiss had 80 weeks.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard Such financing originators, 29, thirty two, twenty-seven, and you can 31, respectively, did in the ComFed Offers Lender inside the Lowell, Massachusetts
It increased commissions $2 hundred,100 from the granting financing to help you unqualified individuals and by almost every other schemes. Rydell altered a one to help you a great seven into the a keen applicant’s income statement. He had two years probation. Savard had thirty day period inside the jail, $17,100000 inside fees and penalties and you will restitution. The remainder loose time waiting for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Financial for Discounts in Boston, grabbed kickbacks on the funds funneled towards bank from the Guarnera, 52. For charge away from $1,000 and up, that he broke up which have Guarnera, Motroni lent to the uncreditworthy. That recite buyers is Ford specialist Anzivino, 46, exactly who borrowed having themselves and unqualified vehicle people. Anzivino had ten months from inside the jail. Motroni, 1 . 5 years; Guarnera, 2 years.
Henry Leo Ewald Business owner Ewald, forty-eight, forged his way to an effective $six.5 billion home loan regarding Earliest Federal out of Pontiac, Michigan, towards the an apartment building the guy didn’t own. The guy performed satisfy appeal repayments. Thirty-7 months.
Kent Higdon C.W. Jackson Higdon, 38, vp at first Southern area Savings inside the Pascagoula, Mississippi, misstated security toward fund to help you Jackson. Higdon awaits sentencing. Jackson had probation.
George McLemore 40, a customers during the Eastover Bank to own Offers during the Petal https://pdqtitleloans.com/payday-loans-al/, Mississippi, kited checks for the tune out-of $173,542. The latest court made a decision to give the highflying McLemore five months from inside the prison.
Lickiss, 41, Sioux Valley’s secretary and treasurer, altered the minutes of your board of directors’ group meetings at Odom’s behest to display the administrators recognized fund that they had inside facts never heard of
Rebecca Killen forty eight, assistant manager at Unifirst Bank having Deals when you look at the Philadelphia, Mississippi, kited $80,100000 away from checks certainly 17 buyers accounts, forging signatures as the she ran. Sentenced to help you nine months when you look at the jail.
Megan McDonald Lee Welch Welch and you can partner McDonald, both twenty-six, put bogus files to try to get $6,045,878 when you look at the financing from dozens of financial institutions and you may thrifts. Welch had 6 1/2 yrs; Mcdonald, six months.
Neal Dellocono Robert Fuhrman You will find a lot of difficulties during the River Area Federal inside Rod Rouge, Louisiana. President Dellocono, 50 (right), didn’t lure buyers for condos the guy possessed, so the guy requisite no down money and Lake City lent her or him a full purchase price. Within the an alternative circumstances, Fuhrman, 44, a creator, borrowed $eight hundred,100 to possess a bona-fide home investment. The guy spent the cash someplace else. Dellocono, aware of his arrangements, pocketed $104,000 for the kickbacks. Dellocono had number of years; Fuhrman, about three.
Clinton Mayes Jr. 39, manager off County Shared Government Discounts & Mortgage Relationship in Jackson, Mississippi, pretended making financing so you’re able to consumers when you’re using currency — a maximum of $134,100 — having themselves. 1 year into the jail.
Linda Shunk Philip Shunk Mrs. Shunk, 40, chairman regarding Republic Lender for Discounts inside Jackson, Mississippi, along with her mate, 39, this new ex-president, generated unauthorized money. Loss: $72 billion. Wait for sentencing.
Donald Snede 40, CFO out of Midwest Government during the Minneapolis, one of five indicted officials at Midwest, accepted he doctored the newest guides, providing Midwest to offer debentures if it are nearly insolvent. Awaits sentencing.
Sharon Newbill 54, a vice-president out of First City Federal Offers & Mortgage inside Lucedale, Mississippi, acquired $19,100 in brand new expense of the embezzling out-of Basic Urban area. Newbill try sentenced so you’re able to a crisp three-years probation.
