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Bank Fraud Scheme Uncovered
Oklahoma woman charged with bank fraud scheme, defrauding over $800,000 from 10 banks.
Pamela Kathryn Conley, 59, of Catoosa, is charged with defrauding ten Oklahoma banks when she falsified and submitted documents to apply for approximately $1 million in loans. Of that, Conley was able to secure more than $800,000.
According to the indictment, Conley forged earning statements which she provided to the financial institutions as proof of income. Conley falsified the statements to reflect that she held positions such as manager and chief financial officer, earning a salary of more than $100,000 annually or approximately $10,000 or more a month.
The indictment alleges that on occasion, when loans were secured with collateral, Conley created fictitious lien releases for the collateral, using the notarized signature of unwitting financial institution employees. Conley then caused the bogus lien releases to be filed with the Oklahoma Tax Commission, which in turn provided Conley with titles to the collateral, free and clear of any liens.
The investigation was conducted by the IRS-Criminal Investigation and the U.S. Secret Service.
Conley is charged with Bank Fraud (Counts 1-24); Aggravated Identity Theft (Counts 25-28) in case number 21-CR-64.
Key Facts
- State: Oklahoma
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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