Posts tagged: bank fraud
Brothers from Spokane and Post Falls and a third man have been indicted on a federal charge of conspiracy to commit bank fraud in a scheme that investigators say bilked $6 million from KeyBank.
Local and federal law enforcement agencies arrested this week 49-year-old Roger Spangenberg, of Post Falls, and 52-year-old David Spangenberg of Spokane, who were the owners of the now closed D&R automobile dealerships that had been located in Hermiston and Enterprise, Ore. Steven Johnson, 63, of Aberdeen, Wash., managed the dealerships. He was also indicted as part of the case.
Between 2007 and 2008, the Spangenberg brothers obtained loans from KeyBank to purchase cars. They then sold the cars without paying back the loans, according to a news release.
“These defendants left a multi-million dollar trail of destruction in eastern Oregon,” Assistant U.S. Attorney S. Amanda Marshall wrote.
The defendants all face up to 30 years in federal prison and a maximum $1 million fine.
A Colfax woman admitted Tuesday to embezzling $538,000 from the family-owned urology clinic in Pullman where she worked as a business manager.
Alicia E. Napier, 47, pleaded guilty to 14 counts of mail fraud and two counts of bank fraud in the case where she admitted diverting funds from Palouse Urology for her personal use between 2001 and 2009.
“Her mail and bank fraud scheme went undetected for so long because she was a trusted employee,” Assistant U.S. Attorney Tom Rice wrote in a news release.
Though she likely get far less time, Napier faces up to 20 years in prison for the mail fraud and up to 30 years in prison for bank fraud when she's sentenced on Sept. 1
TACOMA, Wash. (AP) — The former bookkeeper from the Washington State Judges' Association has been charged with stealing nearly $452,000 from the taxpayer-supported group.
Barbara Jo Ericsson, also known as Barbara Jo Fulton, is accused of three counts of bank fraud according to charges unsealed Monday at U.S. District Court in Tacoma.
Prosecutors say she wrote checks to herself or organizations she was affiliated with, forged the name of the judges association's president or treasurer, and presented phony records to hide where the money really went. Prosecutors say it had been going on since at least 2007.
Ericsson is expected to plead guilty Thursday. Her attorney did not immediately return a call seeking comment.
The judges association was established by the state Legislature. Its mission is to improve the court system and communicate with other government officials and the public.