Woodstock man pleads guilty to bank fraud, money laundering
August 16, 2011
Total Loss:
$800,000
A Woodstock man on Monday pleaded guilty in federal court to charges of bank fraud and money laundering in connection with a $884,000 loan he obtained fraudulently.
Jon C. Shain, 50, pleaded guilty before a U.S. District judge, admitting that he defrauded Amcore Bank, now known as BMO Harris Bank, according to a news release from U.S. Attorney Patrick J. Fitzgerald's Office.
Source:
Northwest Herald
Posted in:
Money Laundering