Richard L. McCall 51, president away from a chocolate organization, borrowed $1 million of thrifts and you may banks of the overstating websites worth. Willamette S&L of Portland, Oregon, lost $195,000. McCall’s only deserts: half a year.
Charles B. Madding thirty two, Vice-president and you will branch manager out-of Fidelity Federal Deals of Claremore, Oklahoma, embezzled throughout the thrift by simply making $100,one hundred thousand inside the fictitious fund. Five years probation and you will restitution away from $75,100.
Earl E. Meyer 46, chairman and director of Traders Federal off El Reno, Oklahoma, obtained money courtesy nominee funds. take a look at this website He had been sentenced to one step one/a couple of years in the prison and you will 5 years probation. Restitution, $644,100.
Robert McMillan 47, part manager to start with Federal S&L out of Pittsburgh, composed an effective $46,100000 bogus account. Had 1 month in the Goodwill area treatment center and household detention. This new feds try tempting to get more.
Fred Comunale 42, ‘s the previous chairman from Ellwood Federal Savings & Financing, that’s during the Ellwood Urban area, Pennsylvania. Yet to get sentenced.
Edward Jolly Jr. assistant regional vice president and you will personal loan manager to start with Government S&L into the Spartanburg, Sc, purloined specific $cuatro.5 mil of the thrift’s fund by the filing make believe applications. Ironically called ”Rock” (”If you searched upwards Caspar Milquetoast about dictionary you’ll look for Jolly’s visualize there,” says the brand new prosecuting lawyer), Jolly examined his nerves by to relax and play the new futures market towards the stolen money. He missing everything you. 2 yrs and you may nine months.
Anthony DiGeronimo, George Shipman, William Walsh III Shipman, 49, a 25% stockholder into the Victor Government of Muskogee, Oklahoma, dodged constraints on fund so you’re able to big stockholders by providing family relations money to order much of his share. You to definitely pal, DiGeronimo, fifty, next defrauded Winner by exaggerating the cost he had been paying for a secondary Inn and you may pocketing the other financing proceeds. DiGeronimo got step one step one/2 yrs, as did Walsh, 38, who drawn a similar scam. Shipman got nine.
Janet Lawler 47, department director off Much Western Federal from inside the Portland, Oregon, lent cash in the names of Far West people, investing for each and every mortgage out of with some other. She collected $510,one hundred thousand. Awaits sentence.
James Irvine IV 30, secretary manager, Commonwealth Federal into the North Wales, Pennsylvania, took $two hundred,100 because of the ordering dollars for the lender container, tape lower amounts, and pocketing the difference. 18 months.
Robert S. Candee 38, entrepreneur, wrote himself $470,000 in checks taken towards levels that he and his awesome spouse had already closed. A few Rhode Area creditors lost $72,000 on the scam. Sentence: 1 year into the prison.
James Piersoll III twenty six, a borrower on Individuals Savings Financial inside the Martin’s Ferry, Kansas, falsified applications you to totaled $142,059
Darlene Peters 51, vice president in the Britton branch of Earliest Federal Discounts from Watertown, South Dakota, authored a make believe loan on state treasurer’s office and you may spent the bucks by herself. 1 year.
John R. Gaustad 36, head regarding Midland Home loan Co. in the Bismarck, Northern Dakota, funded fictitious mortgage loans as a result of Very first Federal from Huron, South Dakota. The cash decided to go to coast upwards Midland. Sentence: 37 weeks.
Jerry A beneficial. Laughlin Robert Grams. May Laughlin, elderly vice-president, and may even, vice president, regarding Family Federal for the Albany, Oregon, falsified mortgage transformation suggestions so you’re able to embezzle income. 5 years probation for every.
The guy plastic-stamped $40,100 in the funds in order to himself in which the guy don’t qualify
Martin Vickers 43, previous vice-president away from Gill Discounts in the San Antonio, utilized phony consumers to increase some timely dollars to try out the new stock-exchange together with pal John Magan, 56. Vickers create five straw-child fund during the thrift totaling $270,000. The 2 were exposed if business cleanse her or him out. Vickers try found guilty of creating not the case records and fraudulent funds, and you will sentenced to help you five years during the prison. He had been in addition to ordered and also make complete restitution. Magan has been indicted and you will awaits trial.