More Charges Filed Against Bank Officers and Customer in Connection to Multi-Million-Dollar Check-Kiting Scheme

Earlier today in federal court, additional charges were filed against two Twin Cities area former bank officers and a bank customer in connection with that customer’s alleged multi-million-dollar check-kiting scheme and a fraudulent nominee loan scheme that concealed the activity from the bank’s board and bank regulators. In a superseding indictment, John Anthony Markert, age 57, of Mendota Heights, the former president of Pinehurst Bank in St. Paul, was charged with one count of bank fraud and one count of making a false statement. Gregory Paul Pederson, age 43, of Roseville, the bank’s former chief credit officer and senior vice president, was charged with one count of bank fraud and two counts of making false statements. George Leslie Wintz, Jr., age 71, an area businessman and bank customer, was charged with two counts of bank fraud and one count of theft from an employee benefit plan. On June 21, 2011, all three defendants were initially charged with five counts of misapplication of bank funds, which counts remain in the new indictment.

Posted in: Check Fraud