Archives For Bank Fraud

Clayton A. Coe, 45, McDonough, Georgia, a former Senior Commercial Loan Officer for FirstCity Bank of Stockbridge, Georgia, which failed and was seized by the FDIC and state banking authorities in March 2009, pleaded guilty to bank fraud in connection with an $800,000 loan that he tricked FirstCity Bank’s Board of Directors into approving and from which he personally profited. 

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Randolph Branham, 45, Destin, Florida, was convicted of conspiracy to commit bank fraud and bribery of a loan officer, following a four-day jury trial.

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Vincent J. Garcia, 59, Albuquerque, New Mexico, a real estate developer, pleaded guilty to committing bank fraud in the amount of $365,677 under a plea agreement with the United States Attorney’s Office.

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