Shaun U. Christian, a 57-year-old resident of Lindsay, Oklahoma, has been charged with bank fraud and money laundering in connection with the now-defunct First National Bank of Lindsay, according to a recent indictment.
Christian is alleged to have conspired with the bank’s former President and CEO, Danny Seibel, 55, to defraud the bank. The indictment alleges that Christian and Seibel submitted false information in connection with multiple loans in 2021, including:
Conspiracy to commit bank fraud
Bank fraud (four counts)
Money laundering (three counts)
The alleged scheme continued until shortly before the bank’s failure in October 2024.
The indictment also alleges that Christian laundered proceeds from the fraud through various personal expenditures.
Christian faces a maximum penalty of 30 years in prison for each count of conspiracy to commit bank fraud and bank fraud, and 10 years for each count of money laundering, if convicted.
This case is the result of an investigation by the Federal Deposit Insurance Corporation Office of Inspector General, the Federal Housing Finance Agency Office of Inspector General, the FBI Oklahoma City Field Office, and IRS Criminal Investigation.
Assistant U.S. Attorneys Julia E. Barry and Jackson D. Eldridge for the Western District of Oklahoma are prosecuting the case.
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Shaun U. Christian, 57, of Lindsay, Oklahoma
Crime: Conspiracy to commit bank fraud, bank fraud, and money laundering
City and State: Oklahoma City, Oklahoma
Exact Date: December 3, 2025
Sentence or Outcome: Currently pending
Related Federal Cases
- First National Bank of Lindsay, Bank Failure, Oklahoma, 2023 · Oklahoma
- W.A. MOORE, JR., Bank Fraud, OK, 2023 · Alabama
- Sean Deval Warrior, Meth Bank Fraud, Muskogee OK, 2023 · Oklahoma
- Victor Earl Garrett, Bank Fraud Conspiracy, OK, 2023 · Oklahoma
- Wesley Joe Winkle, Bank Fraud Scheme, Spiro OK, 2014 · Oklahoma
Key Facts
- State: Oklahoma
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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