David J. Langemak, Bank Fraud, Wisconsin 2013

Bank Fraud Rocks Plymouth, Wisconsin: $250,000 Unapproved Withdrawals

A shocking case of bank fraud has emerged in Plymouth, Wisconsin. David J. Langemak, the former president of Community Bank and Trust's Plymouth Branch, has been indicted on 18 counts of bank fraud.

According to the indictment, Langemak made unauthorized withdrawals totaling approximately $250,000 from the accounts of various bank customers for the benefit of a single unrelated bank customer.

If convicted, Langemak faces a maximum of 30 years in prison and a $1,000,000 fine on each count.

The case was investigated by the Federal Deposit Insurance Corporation, Office of the Inspector General, the Federal Bureau of Investigation, and the Small Business Administration, Office of the Inspector General.

The indictment was handed down on June 18, 2013. The case is being prosecuted by Assistant United States Attorney Carol L. Kraft.

An indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.

Source: https://www.justice.gov/usao-edwi/pr/former-bank-president-charged-18-counts-bank-fraud