Jack Lee Odom Michael Roentgen. Snyder Mary Jo Lickiss Odom, 50, president from Sioux Area Deals inside the Cherokee, Iowa, siphoned out-of no less than $one million of your own thrift’s charge to his own membership and grabbed kickbacks from Texas developers. Odom had six age. Snyder, 36, the new thrift’s vp, pleaded bad so you’re able to pocketing an effective $7,100000 mortgage insurance coverage check, then helped federal prosecutors complete Odom. His reward: a sentence away from forty-five months. Lickiss got 80 weeks.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard This type of financing originators, 30, 32, twenty-seven, and you may 31, correspondingly, spent some time working from the ComFed Deals Lender within the Lowell, Massachusetts
They increased income $two hundred,100000 by approving money to help you unqualified individuals and by almost every other schemes. Rydell altered a single in order to a great eight towards a keen applicant’s money declaration. He got a couple of years probation. Savard got 30 days within the prison, $17,one hundred thousand in the fees and penalties and you will restitution. The others expect sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Lender getting Discounts for the Boston, got kickbacks towards the money funneled on the bank by Guarnera, 52. To own charge regarding $step one,100000 or more, he split which have Guarnera, Motroni borrowed on uncreditworthy. You to definitely repeat customers is actually Ford dealer Anzivino, 46, just who lent to own themselves and you can unqualified auto customers. Anzivino had 10 days when you look at the jail. Motroni, 1 . 5 years; Guarnera, two years.
Henry Leo Ewald Entrepreneur Ewald, forty-eight, forged their solution to an effective $six.5 billion financial off Very first Government off Pontiac, Michigan, towards the an apartment strengthening he did not own. He did satisfy attract repayments. Thirty-7 months.
Kent Higdon C.W. Jackson Higdon, 38, vice president initially Southern Offers in the Pascagoula, Mississippi, misstated guarantee to the money to Jackson. Higdon awaits sentencing. Jackson had probation.
George McLemore 40, a customer during the Eastover Financial to own Deals into the Petal, Mississippi, kited checks to the song off $173,542. The fresh new legal decided to allow the highflying McLemore five months inside the prison.
Lickiss, 41, Sioux Valley’s assistant and you will treasurer, altered the latest times of the board regarding directors’ conferences at Odom’s behest to demonstrate that administrators approved financing they’d from inside the facts never ever been aware of
Rebecca Killen forty eight, assistant manager at Unifirst Bank to have Coupons in Philadelphia, Mississippi, kited $80,100 off monitors certainly one of 17 customers levels, forging signatures as she went. Sentenced so you’re able to nine days during the jail.
Megan McDonald Lee Welch Welch and you will spouse McDonald, one another twenty six, made use of fake records to apply for $six,045,878 when you look at the financing off dozens of financial institutions and thrifts. Welch got 6 step 1/couple of years; Mcdonald, half a year.
Neal Dellocono Robert Fuhrman There can be a lot of trouble on Lake Urban area Federal when you look at the Rod Rouge, Louisiana. Chairman Dellocono, fifty (right), did not lure consumers having condos he had, thus he required no off repayments and you will Lake Urban area borrowed them the full cost. During the another type of circumstances, Fuhrman, 44, a designer, lent $400,000 having a real home enterprise. He invested the money in other places. Dellocono, aware of his preparations, pocketed $104,100000 in kickbacks. Dellocono got few years; Fuhrman, around three.
Clinton Mayes Jr. 39, manager from State Shared Government Coupons & Financing Association in the Jackson, online payday loans Maryland Mississippi, pretended and come up with money in order to consumers while bringing the money — a maximum of $134,100000 — to have themselves. 1 year during the prison.
Linda Shunk Philip Shunk Mrs. Shunk, forty, chairman away from Republic Lender to have Deals from inside the Jackson, Mississippi, and her lover, 39, the newest old boyfriend-president, produced not authorized loans. Loss: $72 mil. Expect sentencing.
Donald Snede forty, CFO off Midwest Government for the Minneapolis, one of four indicted authorities at the Midwest, admitted he doctored the fresh new courses, permitting Midwest to market debentures whether it is about insolvent. Awaits sentencing.
Sharon Newbill 54, a vice president regarding Earliest Area Government Discounts & Loan in Lucedale, Mississippi, acquired $19,100 when you look at the the fresh expenses of the embezzling of First Town. Newbill was sentenced to help you a sharp 3 years probation.
