Monday, January 5, 2015

Former Banker In Kansas Indicted On Charges He Embezzled At Least $200K In Fraudulent Loan Scheme

From Kansas First News on 1/5/2015:

Federal prosecutors have accused a former bank official of falsifying credit applications and making loans without the purported borrower’s authority.

A 23-count indictment unsealed Monday charges Brian W. Harrison of Great Bend with embezzlement, money laundering and other financial crimes. Harrison was a vice president and loan officer at Farmers Bank & Trust in Great Bend until his resignation in April 2012.

Court records do not indicate whether he has an attorney and he did not immediately return a phone message left at his home.

The indictment alleges Harrison also made false statements to hide the poor performance of various loans he made. The government contends Farmers Bank has charged off at least $200,000 on loans to high-risk and nonqualified borrowers.

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