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Newark Police Officer and Bank Employee Indicted for Defrauding Bank

July 19, 2011
Total Loss: $1.9 Million

A federal grand jury today returned an indictment against a Newark police officer and bank loan officer alleging they defrauded an Elmwood Park, N.J., bank in order to secure a $1.9 million commercial real estate loan, U.S. Attorney Paul J. Fishman announced.

Source: FBI
Posted in: New Account Fraud
Tags: loan fraud