Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

St. Louis County man bribed bank manager for $2 million in loans, feds say

January 15, 2010
Total Loss: $2 million
A St. Louis County man bribed a bank manager to get $2 million in loans, the U.S. Attorney's office said Thursday. Prosecutors say Yuriy Shrifteylik, 43, offered bribes to Commerce Bank financial services manager David Ryan Hunt, 30, of Eureka, to facilitate four loans from July 2006 - July 2008. Prosecutors also say Shrifteylik submitted false documents to get two of the loans, which were supposed to be used for MRI machines and were actually used for other purposes.
Source: St. Louis Today
Posted in: Internal Fraud
Tags: internalover 1mloan