Pamela Kathryn Conley, 58, a Catoosa woman, has been indicted for allegedly defrauding seven Oklahoma banks out of $735,396. The indictment, which was announced by Acting U.S. Attorney Clint Johnson, charges Conley with 16 counts of bank fraud and 3 counts of aggravated identity theft.
According to the indictment, Conley executed a scheme to enrich herself by submitting loan applications containing false income and employment information at seven banks and credit unions between September 2016 and February 23, 2021. Conley allegedly forged earning statements to reflect that she held positions such as manager and chief financial officer, earning a salary of $200,000 or more annually or $18,000 a month.
Conley allegedly created fictitious lien releases for the collateral, using the notarized signature of unwitting financial institution employees. She 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.
Conley would then approach new lenders to obtain loans secured by collateral she did not own free and clear. The indictment alleges that Conley’s scheme was designed to enrich herself by obtaining loans she knew she would not be able to repay.
Conley’s indictment is a result of an investigation by the IRS-Criminal Investigation and the U.S. Secret Service. Assistant U.S. Attorney Richard M. Cella is prosecuting the case.
An indictment is merely an allegation, and Conley is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Pamela Kathryn Conley, 58, is a resident of Catoosa, Oklahoma. She is charged with 16 counts of bank fraud and 3 counts of aggravated identity theft. The indictment alleges that Conley defrauded seven Oklahoma banks out of $735,396. Conley’s current status is pending trial.
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Key Facts
- State: Oklahoma
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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