Jack Lee Odom Michael Roentgen. Snyder Mary Jo Lickiss Odom, fifty, chairman out of Sioux Area Coupons in Cherokee, Iowa, siphoned of about $one million of recommended you read your own thrift’s fees so you can his own account and you can grabbed kickbacks regarding Texas builders. Odom had half dozen decades. Snyder, 36, this new thrift’s vice-president, pleaded guilty to pocketing an effective $seven,100 home loan insurance take a look at, next assisted federal prosecutors complete Odom. His reward: a sentence off forty five days. Lickiss had 80 days.
Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard Such financing originators, 29, thirty-two, twenty seven, and you can 31, respectively, has worked within ComFed Savings Financial for the Lowell, Massachusetts
They improved income $2 hundred,000 from the approving loans in order to unqualified individuals by most other schemes. Rydell altered a single to help you an excellent eight toward an applicant’s money report. He got 2 years probation. Savard had 30 days when you look at the jail, $17,one hundred thousand inside fines and you can restitution. The remainder wait for sentencing.
Ronald Anzivino, Carmen Guarnera, Joerican Bank to have Coupons inside the Boston, took kickbacks for the loans funneled into the financial of the Guarnera, 52. Having fees of $step 1,000 or over, that he separated that have Guarnera, Motroni lent for the uncreditworthy. You to definitely recite buyers are Ford agent Anzivino, 46, who lent to own themselves and unqualified car people. Anzivino got ten months inside jail. Motroni, 1 . 5 years; Guarnera, 24 months.
Henry Leo Ewald Business person Ewald, forty-eight, forged their solution to a great $six.5 mil home loan away from Very first Federal off Pontiac, Michigan, towards the an apartment building the guy failed to very own. The guy performed meet interest costs. Thirty-seven days.
Kent Higdon C.W. Jackson Higdon, 38, vice-president in the beginning Southern area Coupons inside the Pascagoula, Mississippi, misstated security into fund to Jackson. Higdon awaits sentencing. Jackson had probation.
George McLemore forty, a customers from the Eastover Lender having Savings inside Petal, Mississippi, kited inspections to your tune from $173,542. The new court chose to supply the highflying McLemore four weeks into the prison.
Lickiss, 41, Sioux Valley’s assistant and you may treasurer, altered the latest moments of the board out-of directors’ group meetings at the Odom’s behest showing that directors approved financing they’d when you look at the fact never observed
Rebecca Killen forty eight, assistant manager at Unifirst Financial having Savings inside Philadelphia, Mississippi, kited $80,100 away from inspections one of 17 buyers accounts, forging signatures given that she ran. Sentenced so you can 9 weeks inside the jail.
Megan McDonald Lee Welch Welch and partner McDonald, one another 26, put phony data to try to get $6,045,878 in money regarding dozens of finance companies and thrifts. Welch had 6 1/a couple of years; Mcdonald, 6 months.
Neal Dellocono Robert Fuhrman There is a lot of difficulties at Lake Area Federal from inside the Baton Rouge, Louisiana. President Dellocono, 50 (right), did not lure customers for condos the guy owned, thus the guy needed zero off repayments and River Urban area borrowed them a full purchase price. During the an alternate situation, Fuhrman, 49, a developer, borrowed $400,one hundred thousand for a bona-fide house opportunity. The guy invested the money somewhere else. Dellocono, aware of their agreements, pocketed $104,100 when you look at the kickbacks. Dellocono got number of years; Fuhrman, around three.
Clinton Mayes Jr. 39, manager away from County Common Federal Savings & Mortgage Association when you look at the Jackson, Mississippi, pretended making fund so you can people if you’re bringing the money — a total of $134,one hundred thousand — to own themselves. One year from inside the jail.
Linda Shunk Philip Shunk Mrs. Shunk, forty, president out-of Republic Bank having Deals in Jackson, Mississippi, and her companion, 39, the newest ex boyfriend-chairman, made not authorized fund. Loss: $72 mil. Loose time waiting for sentencing.
Donald Snede 40, CFO of Midwest Government in Minneapolis, among five indicted authorities at Midwest, accepted he doctored the fresh courses, permitting Midwest to offer debentures if this are around insolvent. Awaits sentencing.
Sharon Newbill 54, a vice-president from First Town Government Deals & Loan within the Lucedale, Mississippi, received $19,100000 for the the new expense by the embezzling off First City. Newbill try sentenced to a crisp three-years probation.