Tag: FDIC-OIG
Eri Guzman Ortiz, Wire Fraud, Florida 2023
⏱ 2 min read Eri Guzman Ortiz, a 69-year-old Miami-Dade man, pleaded guilty to running a massive $14 million check scheme that swindled thousands of people and businesses out of their hard-earned cash. Ortiz created and deposited about $14 million in fake checks into the bank accounts of sham companies in the US, using lists…
Jacob Rappaport, Bank Fraud, Maryland 2020
⏱ 2 min read Jacob Rappaport, a 41-year-old attorney from Towson, Maryland, orchestrated a real estate bank fraud scheme that involved fake contracts and hidden side agreements. The scheme, which took place in Baltimore, involved Rappaport’s client, Alexander Schultz, and his company, Limitless Management. In January 2020, Schultz’s company, Coventry Realty, LLC, purchased a Baltimore…
Danny Seibel, Bank Fraud, Oklahoma 2025
⏱ 2 min read Danny Seibel, the former president and CEO of the now-defunct First National Bank of Lindsay in Oklahoma, has pleaded guilty to bank fraud. Between 2007 and 2024, Seibel issued loans to friends and neighbors who never repaid them, then falsified bank records to cover up the losses. The scheme ultimately led…
Ronald J. Roach, Ponzi Scheme, California 2019
⏱ 2 min read A ruthless $1 billion Ponzi scheme that bilked investors has been brought to a close with the sentencing of Ronald J. Roach, 59, the accountant for DC Solar. Roach was sentenced to 66 months in prison after pleading guilty in 2019. The scheme, which was operated from California, was a brazen…
