Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, 50, chairman regarding Sioux Area Coupons in the Cherokee, Iowa, siphoned from no less than $1 million of your own thrift’s fees so you can his personal account and got kickbacks of Tx designers. Odom got half a dozen age. Snyder, thirty six, the latest thrift’s vice-president, pleaded responsible so you can pocketing an effective $7,000 mortgage insurance policies see, after that aided government prosecutors nail Odom. His prize: a sentence away from forty-five months. Lickiss got 80 months.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard These types of financing originators, 29, 32, twenty-seven, and 30, respectively, has worked from the ComFed Offers Lender within the Lowell, Massachusetts
It improved profits $200,100000 by giving money in order to unqualified borrowers and by most other schemes. Rydell changed a one so you can a 7 with the a keen applicant’s income statement. The guy got a couple of years probation. Savard got a month when you look at the jail, $17,100 for the fees and penalties and you can restitution. The rest await sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Lender to possess Coupons for the Boston, grabbed kickbacks into the loans funneled on lender because of the Guarnera, 52. To have charge regarding $1,one hundred thousand or over, which he broke up which have Guarnera, Motroni borrowed on uncreditworthy. That recite consumer was Ford dealer Anzivino, 46, which borrowed to possess himself and unqualified car buyers. Anzivino got 10 months for the jail. Motroni, 1 . 5 years; Guarnera, 24 months.
Henry Leo Ewald Entrepreneur Ewald, forty eight, forged his means to fix a great $6.5 million financial out of Very first Government out of Pontiac, Michigan, toward a condo strengthening the guy didn’t individual. The guy did see focus money online payday MS. Thirty-seven months.
Kent Higdon C.W. Jackson Higdon, 38, vice president at first South Offers in Pascagoula, Mississippi, misstated collateral towards fund to help you Jackson. Higdon awaits sentencing. Jackson got probation.
George McLemore forty, a buyers at the Eastover Financial getting Offers in Petal, Mississippi, kited checks on tune regarding $173,542. The newest judge decided to supply the highflying McLemore four days for the prison.
Lickiss, 41, Sioux Valley’s secretary and you may treasurer, altered the minutes of one’s board out-of directors’ conferences during the Odom’s behest to display the administrators accepted financing they had when you look at the facts never ever been aware of
Rebecca Killen forty-eight, secretary manager at Unifirst Lender to possess Savings during the Philadelphia, Mississippi, kited $80,one hundred thousand regarding checks certainly one of 17 buyers profile, forging signatures since she ran. Sentenced in order to nine weeks for the prison.
Megan McDonald Lee Welch Welch and you may wife McDonald, both 26, utilized phony files to apply for $six,045,878 in money regarding dozens of banks and thrifts. Welch had 6 step one/a couple of years; Mcdonald, half a year.
Neal Dellocono Robert Fuhrman There can be a great deal of troubles from the Lake Town Federal into the Baton Rouge, Louisiana. President Dellocono, fifty (right), wouldn’t entice buyers to have apartments the guy owned, so the guy called for no off payments and you may Lake City borrowed her or him an entire price. For the a special case, Fuhrman, forty two, a designer, lent $eight hundred,000 getting a real property project. The guy invested the bucks in other places. Dellocono, aware of his arrangements, pocketed $104,000 inside the kickbacks. Dellocono had four years; Fuhrman, three.
Clinton Mayes Jr. 39, manager of Condition Shared Federal Discounts & Financing Association for the Jackson, Mississippi, pretended and make money so you can users whenever you are using the currency — a maximum of $134,100 — for themselves. 12 months during the prison.
Linda Shunk Philip Shunk Mrs. Shunk, 40, chairman out of Republic Bank to possess Discounts within the Jackson, Mississippi, and her spouse, 39, new old boyfriend-chairman, made unauthorized money. Loss: $72 million. Expect sentencing.
Donald Snede forty, CFO out of Midwest Federal during the Minneapolis, one of four indicted officials at the Midwest, accepted the guy doctored the newest courses, helping Midwest to offer debentures when it was very nearly insolvent. Awaits sentencing.
Sharon Newbill 54, a vice president out-of Very first City Federal Coupons & Mortgage when you look at the Lucedale, Mississippi, obtained $19,100 from inside the the brand new bills because of the embezzling regarding First Town. Newbill is sentenced to a crisp three years probation.