Washington Mutual’s former Chief Executive Officer, Kerry Killinger defended the company’s actions at a Senate hearing on April 13th and insisted that the government should not have seized the bank during the peak of the financial crisis in September of 2008. Mr. Killinger argued that the company...

James Clifton Green also known as Jimmy pleaded guilty to bank fraud, mail fraud and money laundering on April 16th. Mr. Green from Tupelo, Mississippi was accused of misrepresentation on loan applications that he submitted to various Mississippi banks. The United States Attorney’s Office that Mr....

The largest and oldest Bank in Habersham County, Georgia has been accused making dicey and often questionable business decisions before the bank ultimately failed in January according to a lawsuit. Community Bank and Trust the bank in question responded through its lawyers in a statement which read as...

Darnell Bell, also known as D-Bell a San Diego gang member pleaded guilty to participating in a racketeering conspiracy that involved bank fraud, money laundering and other crimes. Prosecutors in the case say that Mr. Bell was the chief orchestrator of the mortgage fraud scheme. The scheme that resulted...

James Smith, a bank manger from Motherwell, admitted to defrauding more than fifty thousand pounds by approving loans for family and friend without verifying their credit. Mr. Smith worked at Clydesdale Bank’s Charing Cross Branch in Glasgow at the time he approved the loans. Mr. Smith has been jailed...

Michael A. Wilson, age 58, pleaded guilty to bank fraud in United States District Court. Mr. Wilson from Murrells Inlet, South Carolina was indicted last November and was one of thirteen that were indicted by a grand jury on charges of mortgage fraud and bank fraud. The charges came from the collapse...

Jeffery Levine the Executive Vice President for Omni National Bank pleaded guilty in federal court. Mr. Levine was the second largest shareholder in the now defunct bank and the head of the Community Redevelopment Lending Department for the bank. He co-founded the bank with Stephen Klein in 2000 and...

Jeffery L. Levine, Executive Vice President for Omni National Bank pleaded guilty for this role in the Atlanta, Georgia banks collapse on Thursday, January 14th.  Mr. Levine is believed to be the first Georgia Bank Executive to be held accountable for his role in the Georgia banking system collapse....

Terrance Tucker, age 65 and Sonya Tucker, aka Cheri Tucker, age 65 have been sentenced to ten years in prison for bank fraud and five years of probation. The couple was live in Thousand Oaks, California pleaded guilty to two counts each of bank fraud. The United States District Court Judge, Manuel L....