Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, fifty, chairman out of Sioux Area Discounts inside the Cherokee, Iowa, siphoned from at the very least $one million of thrift’s costs to help you their own account and you can took kickbacks out of Colorado builders. Odom had six many years. Snyder, thirty six, new thrift’s vice-president, pleaded responsible to help you pocketing a beneficial $seven,100000 home loan insurance rates have a look at, up coming aided federal prosecutors complete Odom. His prize: a phrase out-of forty-five days. Lickiss got 80 weeks.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard Such loan originators, 31, thirty-two, twenty seven, and you may 30, correspondingly, worked during the ComFed Coupons Lender inside Lowell, Massachusetts
They improved profits $200,000 by the giving money so you’re able to unqualified individuals and by almost every other strategies. Rydell altered a single so you can an excellent seven to your an enthusiastic applicant’s money report. He got two years probation. Savard had 30 days for the jail, $17,000 in the fees and penalties and restitution. The remainder loose time waiting for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Lender getting Offers when you look at the Boston, grabbed kickbacks with the financing funneled to your lender of the Guarnera, 52. Getting charge regarding $step one,100000 or more, he split having Guarnera, Motroni lent towards the uncreditworthy. One to recite customer try Ford broker Anzivino, 46, exactly who borrowed to possess themselves and unqualified car buyers. Anzivino had ten weeks when you look at the jail. Motroni, eighteen months; Guarnera, 24 months.
Henry Leo Ewald Entrepreneur Ewald, forty-eight, forged their way to a great $6.5 million mortgage from First Government of Pontiac, Michigan, on a flat building the guy failed to very own. He performed fulfill interest costs. Thirty-7 days.
Kent Higdon C.W. Jackson Higdon, 38, vice-president at first South Discounts for the Pascagoula, Mississippi, misstated guarantee for the finance so you can Jackson. Higdon awaits sentencing. Jackson had probation.
George McLemore forty, a customers at Eastover Bank for Savings into the Petal, Mississippi, kited checks for the song away from $173,542. The newest court made a decision to give the highflying McLemore four days into the prison.
Lickiss, 41, Sioux Valley’s secretary and you can treasurer, changed the fresh times of one’s board out-of directors’ group meetings at Odom’s behest showing that administrators approved financing that they had during the truth never heard of
Rebecca Killen 48, assistant movie director within Unifirst Lender to own Offers when you look at the Philadelphia, Mississippi, kited $80,100 from checks certainly 17 customer accounts, forging signatures as the she ran. Sentenced so you can 9 weeks into the jail.
Megan McDonald Lee Welch Welch and wife McDonald, one another 26, made use of phony data files to try to get $6,045,878 in money off those financial institutions and you can thrifts. Welch had six 1/two years; Mcdonald, 6 months.
Neal Dellocono Robert Fuhrman There’s a lot of difficulties during the Lake City Federal for the Baton Rouge, Louisiana. Chairman Dellocono, fifty (right), decided not to lure consumers for apartments he owned, thus the guy requisite no online payday loans Wyoming residents off repayments and you may River Urban area borrowed them an entire price. Inside a different circumstances, Fuhrman, forty-two, a developer, lent $eight hundred,000 to own a real estate enterprise. He invested the money in other places. Dellocono, aware of their arrangements, pocketed $104,100 inside kickbacks. Dellocono had couple of years; Fuhrman, about three.
Clinton Mayes Jr. 39, movie director from County Mutual Government Discounts & Financing Connection inside the Jackson, Mississippi, pretended to make loans so you’re able to consumers if you are taking the currency — all in all, $134,000 — for himself. One year in jail.
Linda Shunk Philip Shunk Mrs. Shunk, 40, chairman off Republic Bank getting Savings during the Jackson, Mississippi, and her partner, 39, this new ex-chairman, generated not authorized finance. Loss: $72 mil. Wait for sentencing.
Donald Snede forty, CFO away from Midwest Federal when you look at the Minneapolis, among four indicted officials from the Midwest, acknowledge he doctored the fresh instructions, helping Midwest to sell debentures whether it is actually about insolvent. Awaits sentencing.
Sharon Newbill 54, a vice-president out of First City Government Coupons & Financing inside the Lucedale, Mississippi, acquired $19,one hundred thousand during the the fresh bills because of the embezzling out-of Basic City. Newbill is actually sentenced to a crisp three years probation.