Bank vice president, 7 others charged in fraud scheme in Metro Detroit
December 15, 2011
Total Loss:
$20,000
Eight people, including a bank vice president and a Dearborn restaurateur, have been charged in federal court in connection with a wide-ranging scheme involving fraudulent bank loans, bribes and sham marriages.
The charges followed a multi-year probe by several federal agencies, including the FBI, Homeland Security and Secret Service.
Those charged include a Dearborn business owner, a Dearborn lawyer and a former Fifth Third Bank vice president accused of pocketing $20,000 in bribes.
"When criminals use false documents and bribery to obtain loans, banks and borrowers suffer," U.S. Attorney Barbara McQuade said in a prepared statement.
Source:
detnews.com
Posted in:
Internal Fraud
Collusive Networks
Deposit Account Fraud