Stephen G. Fields, 49, Chesapeake, Virginia, was sentenced to 17 years in prison, followed by five years of supervised release, for conspiracy to commit bank fraud, false entries in bank records, misapplication of bank funds, and false statement to a financial institution.
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James E. Bishop, 70, Mount Vernon, Washington, former Chairman and CEO of Summit Bank, a Skagit County community bank, pleaded guilty in U.S. District Court to making a false entry in a report of an insured bank.
Patrick J. Mansell, 68, Boca Raton, Florida, Vice President of Coastal States Mortgage Corporation, pled guilty to conspiracy to commit wire fraud to defraud government sponsored entities, Fannie Mae and Freddie Mac.
Patrick J. Mansell, 68, Boca Raton, FL, Vice President of Coastal States Mortgage Corporation, has been charged with conspiracy to commit wire fraud to defraud government sponsored entities, Fannie Mae and Freddie Mac.
Gary Patton Hall, Jr., 47, Tifton, Georgia, entered a plea of guilty to conspiracy to commit bank fraud before the Honorable Hugh Lawson, Senior United States District Judge in Macon, Georgia.
Kareem Serageldin, the former Managing Director/Global Head of Structured Credit in the Investment Banking Division of Credit Suisse Group, pled guilty to mortgage-related fraud.
Bank of America will pay $500 million to settle lawsuits by investors nationwide, including the Oregon Public Employees Retirement Fund, against Countrywide Financial Corp.
Golden First Mortgage Corp., and its owner, operator, and president, David Movtady, are the subjects of a civil mortgage fraud lawsuit.
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William R. “Rusty” Beamon, Jr., 52, DeKalb County, Georgia, a former bank employee, has been indicted by a federal grand jury on February 26, 2013, on charges arising out of a scheme to defraud his former employer Appalachian Community Bank (also known as Gilmer County Bank).
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James A. Regas, 82, Oak Brook, Illinois, the former chairman of a west suburban bank was sentenced to a year and a day in federal prison for making false statements in regulatory documents regarding his undisclosed personal interest in loans that resulted in the bank losing more than $680,000.