Former Beulah Bank President Sentenced to Two Counts of Bank Fraud
District of
FOR IMMEDIATE RELEASE
Former
Between 2019 and 2021, while employed at separate times as the President of First Security Bank-West and as a loan officer at the
"Bank fraud is a serious crime that harms the honest financial institutions we have in
"The Federal Deposit Insurance Corporation-
"We are committed to investigating allegations of fraud committed against the Federal Home Loan Banks or their members, especially in cases where we find flagrant criminal conduct by officials at member banks," said
Co-Defendants for this investigation received the following sentences:
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.
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This case was investigated by the FDIC-OIG, the FHFA-OIG, and the Federal Reserve Board-
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