Matthew W. Mensinger, Aiding and Abetting False Statements on Loan Applications, Pennsylvania 2020

Scranton, PA – In a shocking case of financial deceit, Matthew W. Mensinger, 48, of Berwick, Pennsylvania, has been charged with aiding and abetting false statements on loan applications.

According to United States Attorney John C. Gurganus, Mensinger was the Chief Lending Officer of a Berwick-based financial institution. Between November 2011 and June 2020, Mensinger orchestrated a massive scheme, causing others to obtain approximately $690,000 in loans from the institution, reportedly for small business purposes.

However, the reality was far from it. The individuals and entities, unaware of the truth, provided the money to Mensinger, who promised to repay the loans. This brazen act of deception has left many wondering how such a scheme could have gone undetected for so long.

The case was investigated by agents from the Federal Deposit Insurance Corporation’s Office of the Inspector General and the Federal Bureau of Investigation. Assistant U.S. Attorney Phillip J. Caraballo is prosecuting the case.

As the court proceedings unfold, Mensinger’s fate hangs in the balance. If convicted, he faces a maximum penalty of 30 years of imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt will be imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.

As the investigation continues to unravel the complexities of this case, one thing is clear: Matthew W. Mensinger’s actions have left a trail of deceit and financial ruin in their wake. The people of Pennsylvania demand justice, and we will be watching this case closely.

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