Bank Executives Sent to Prison for Bank Fraud

Stephanie Abbott —  August 3, 2018 — Leave a comment

SAN FRANCISCO ­— Two former senior executives at Sonoma Valley Bank and an attorney for one of its biggest borrowers were sentenced to prison Friday for their roles in defrauding the bank, costing taxpayers and investors millions of dollars when it collapsed in 2010. Sean Cutting, the bank’s former president and CEO, and Brian Melland, its former vice president and chief loan officer, each received eight-year sentences from U.S. District Court Judge Susan Illston.

Source: Sonoma Valley Bank executives sent to prison for bank fraud

Stephanie Abbott

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