Jack Lee Odom Michael Roentgen. Snyder Mary Jo Lickiss Odom, 50, chairman out-of Sioux Area Offers during the Cherokee, Iowa, siphoned off at least $one million of your own thrift’s charge to his very own membership and grabbed kickbacks out of Colorado builders. Odom had six age. Snyder, 36, the fresh thrift’s vp, pleaded guilty so you’re able to pocketing a beneficial $7,100000 financial insurance rates have a look at, then helped federal prosecutors nail Odom. His reward: a phrase of forty-five months. Lickiss got 80 days.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard Such loan originators, 29, 32, 27, and you will 31, correspondingly, spent some time working during the ComFed Deals Financial in Lowell, Massachusetts
They increased earnings $2 hundred,000 by approving finance so you’re able to unqualified borrowers by other plans. Rydell altered a-one so you’re able to a seven to your an applicant’s earnings statement. He had a couple of years probation. Savard got 1 month from inside the jail, $17,000 from inside the fees and penalties and you may restitution. The others expect sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Lender to possess Savings into the Boston, grabbed kickbacks on funds funneled into the financial by the Guarnera, 52. To have charge of $1,000 and up, he split having Guarnera, Motroni borrowed into the uncreditworthy. You to recite customer try Ford agent Anzivino, 46, who lent to have himself and you will unqualified vehicles consumers. Anzivino had ten months when you look at the jail. Motroni, eighteen months; Guarnera, two years.
Henry Leo Ewald Business person Ewald, 48, forged his means to fix an excellent $6.5 million financial off Earliest Federal away from Pontiac, Michigan, into an apartment building he didn’t very own. He performed see notice money. Thirty-seven months.
Kent Higdon C.W. Jackson Higdon, 38, vice president in the beginning Southern Offers in the Pascagoula, Mississippi, misstated collateral to the finance so you’re able to Jackson. Higdon awaits sentencing. Jackson had probation.
George McLemore forty, a customers on Eastover Bank to possess Discounts within the Petal, Mississippi, kited checks towards song out of $173,542. The fresh judge made a decision to allow the highflying McLemore five months within the jail.
Lickiss, 41, Sioux Valley’s secretary and treasurer, changed the brand new times of one’s panel off directors’ conferences at Odom’s behest to display the directors acknowledged loans that they had from inside the truth never observed
Rebecca Killen forty eight, assistant movie director within Unifirst Bank to own Savings when you look at the Philadelphia, Mississippi, kited $80,000 of monitors among 17 buyers account, forging signatures due to the fact she went. Sentenced so you can 9 months in prison.
Megan McDonald Lee Welch Welch and you may partner McDonald, one another twenty six, made use of phony documents to try to get $six,045,878 within the finance away from those financial institutions and you may thrifts. Welch had six 1/two years; Mcdonald, half a year.
Neal Dellocono Robert advance cash payday loan Iowa Fuhrman Discover a whole lot of dilemmas on Lake Town Federal inside the Baton Rouge, Louisiana. Chairman Dellocono, fifty (right), wouldn’t entice buyers having apartments he possessed, very the guy needed no down money and you may River Area borrowed him or her a complete price. For the another type of case, Fuhrman, 49, a creator, lent $400,100 for a real estate endeavor. He invested the cash somewhere else. Dellocono, privy to their preparations, pocketed $104,one hundred thousand from inside the kickbacks. Dellocono had couple of years; Fuhrman, around three.
Clinton Mayes Jr. 39, director away from Condition Common Federal Coupons & Financing Association in the Jackson, Mississippi, pretended and also make funds to people when you find yourself using the currency — a maximum of $134,100 — to possess himself. 1 year from inside the jail.
Linda Shunk Philip Shunk Mrs. Shunk, forty, president of Republic Bank to possess Offers inside Jackson, Mississippi, along with her spouse, 39, the brand new old boyfriend-chairman, made unauthorized finance. Loss: $72 mil. Await sentencing.
Donald Snede forty, CFO out-of Midwest Federal inside Minneapolis, one of four indicted officials within Midwest, acknowledge he doctored the fresh new instructions, helping Midwest to sell debentures when it try around insolvent. Awaits sentencing.
Sharon Newbill 54, a vice president from Basic Urban area Government Coupons & Financing inside the Lucedale, Mississippi, acquired $19,one hundred thousand when you look at the this new bills of the embezzling of Very first City. Newbill is actually sentenced so you can a sharp three years probation.