Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, fifty, chairman away from Sioux Area Deals for payday loans AR the Cherokee, Iowa, siphoned of about $one million of your thrift’s charges in order to his own membership and you can took kickbacks from Texas designers. Odom got half dozen decades. Snyder, thirty-six, the fresh new thrift’s vice-president, pleaded responsible to help you pocketing an effective $7,one hundred thousand financial insurance policies view, following helped federal prosecutors nail Odom. Their prize: a phrase off 45 months. Lickiss got 80 weeks.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard This type of loan originators, 30, thirty-two, 27, and you can 29, respectively, worked during the ComFed Coupons Bank when you look at the Lowell, Massachusetts
They boosted profits $2 hundred,100 by granting finance to help you unqualified individuals and by almost every other strategies. Rydell changed a one to help you a great eight for the an applicant’s income report. He got 2 years probation. Savard had a month inside the jail, $17,100 into the fees and penalties and restitution. The rest wait a little for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Bank getting Coupons for the Boston, got kickbacks into the fund funneled into the lender by Guarnera, 52. To have costs out-of $step 1,000 or more, he split with Guarnera, Motroni lent on the uncreditworthy. One recite buyers is actually Ford specialist Anzivino, 46, who lent to have themselves and you can unqualified vehicles consumers. Anzivino had 10 months inside the jail. Motroni, eighteen months; Guarnera, 2 yrs.
Henry Leo Ewald Entrepreneur Ewald, forty-eight, forged their cure for a beneficial $six.5 million financial off Basic Federal of Pontiac, Michigan, into the an apartment strengthening the guy failed to very own. He performed satisfy appeal money. Thirty-7 months.
Kent Higdon C.W. Jackson Higdon, 38, vice president initially Southern Offers inside the Pascagoula, Mississippi, misstated security to your fund to Jackson. Higdon awaits sentencing. Jackson got probation.
George McLemore forty, a consumer during the Eastover Financial to possess Coupons within the Petal, Mississippi, kited monitors on the track off $173,542. The latest judge made a decision to provide the highflying McLemore four weeks when you look at the prison.
Lickiss, 41, Sioux Valley’s assistant and you will treasurer, altered the brand new moments of your own board off directors’ conferences during the Odom’s behest to exhibit your directors accepted money that they had inside facts never observed
Rebecca Killen 48, secretary manager in the Unifirst Financial getting Offers for the Philadelphia, Mississippi, kited $80,000 out of checks one of 17 customer profile, forging signatures since the she ran. Sentenced so you’re able to 9 weeks within the jail.
Megan McDonald Lee Welch Welch and you can partner McDonald, one another twenty-six, put fake data to apply for $six,045,878 in the loans out of all those financial institutions and you may thrifts. Welch got six step one/a couple of years; Mcdonald, six months.
Neal Dellocono Robert Fuhrman There clearly was a whole lot of difficulties in the River Area Government from inside the Baton Rouge, Louisiana. President Dellocono, fifty (right), wouldn’t attract buyers having apartments he had, thus the guy needed zero down payments and you will River City lent her or him the full purchase price. For the a separate circumstances, Fuhrman, forty two, a developer, borrowed $eight hundred,100 for a real property opportunity. The guy invested the cash elsewhere. Dellocono, privy to his arrangements, pocketed $104,000 inside the kickbacks. Dellocono got four years; Fuhrman, about three.
Clinton Mayes Jr. 39, manager from Condition Shared Federal Offers & Loan Association from inside the Jackson, Mississippi, pretended and also make funds so you can users if you find yourself using currency — all in all, $134,one hundred thousand — to own themselves. One year from inside the prison.
Linda Shunk Philip Shunk Mrs. Shunk, 40, president out of Republic Financial to own Savings when you look at the Jackson, Mississippi, along with her lover, 39, the ex-chairman, generated not authorized fund. Loss: $72 million. Expect sentencing.
Donald Snede 40, CFO from Midwest Government from inside the Minneapolis, certainly five indicted authorities during the Midwest, acknowledge the guy doctored this new guides, enabling Midwest to sell debentures whether it try nearly insolvent. Awaits sentencing.
Sharon Newbill 54, a vice president regarding First Area Federal Savings & Financing inside the Lucedale, Mississippi, received $19,one hundred thousand inside the the new costs by embezzling off First Area. Newbill try sentenced to help you a crisp three years probation.