The Eastern District of Oklahoma’s United States Attorney’s Office has dropped a bombshell on the small town of Davis, Oklahoma. Victor Earl Garrett, 57, and Roy Lynn Wesberry, 54, both residents of Davis, have been indicted by a federal grand jury for their alleged roles in a massive bank fraud conspiracy.
The duo faces up to 30 years in prison and a fine of $1 million each, as per Title 18, United States Code. Their crime? The alleged Conspiracy to Commit Bank Fraud, which comes with serious repercussions under Title 18, Sections 1349 and 1344.
Joining them in the dock is W.A. Moore Jr., also known as Dub Moore, aged 74, who has already pleaded guilty to one count of Bank Fraud on February 24, 2014.
This sordid tale began when the First National Bank of Davis was forced to shut its doors on March 11, 2011. The bank closure was a direct result of a staggering cash shortfall of approximately $465,000.00, casting a dark shadow over the town’s financial stability.
The charges against Garrett and Wesberry stem from a joint investigation by the United States Department of Agriculture, Office of Inspector General, the Federal Deposit Insurance Corporation, Office of Inspector General, and the Federal Bureau of Investigation. The federal grand jury’s indictment is merely the first step in their legal journey, with each defendant maintaining their innocence until proven guilty.
Assistant United States Attorney Melody Nelson and Tom Wright are leading the charge for the prosecution. Sentencing for Dub Moore will be scheduled following the completion of a presentence investigation report by Magistrate Judge Steven P. Shreder.
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Key Facts
- State: Oklahoma
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
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