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

Former Bank CEO Gets 4 Mos., $30K Fine for Fraud

May 31, 2011
Total Loss: Unknown

Former Community National Bank CEO William Garfield Sandison was sentenced Friday to four months in prison and was ordered to pay a $30,000 fine for his role in a scheme to defraud other financial institutions.

Sandison, age 67, of Forest Lake, was indicted in April 2009 and pleaded guilty in August 2009 to one count of conspiracy to defraud ...

Source: Twin Cities Business
Tags: conspiracybank fraud