Tanya Henry Shelby, Bank Fraud, Mississippi 2021

Bank fraud is a serious crime that involves deceiving financial institutions to obtain money or other benefits. In the case of Tanya Henry Shelby, a 40-year-old woman from Pelham, Alabama, she was accused of committing bank fraud in Mississippi.

According to the authorities, Shelby operated a car dealership named Tanya Shelby Auto Sales dba Payless Car Sales in Hinds County, Mississippi, from November 2015 through April 2016. As part of the scheme, she opened personal and business accounts at the Mississippi National Guard Federal Credit Union and Citizens National Bank. Shelby then negotiated and executed checks that were drawn on the accounts at Mississippi National Federal Credit Union and Citizens National Bank when she knew that the accounts had insufficient funds.

The defendant also negotiated and deposited checks with insufficient funds at the financial institutions that resulted in the institutions showing inflated balances on her accounts that caused the checks to be honored rather than be returned unpaid. Additionally, Shelby opened and used lines of credit at NextGear Capital and Citizens National Bank to secure credit for the same three vehicles at each financial institution, knowing that payments would not be made on any of the lines of credit.

Tanya Henry Shelby was charged with bank fraud in a single count Information on December 2, 2020. She will be sentenced by Judge Kristi H. Johnson on July 13, 2021, at 1:30 p.m. and faces a maximum penalty of 30 years in prison and a $1,000,000 fine.

The case was investigation by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorney Erin Chalk.

Tanya Henry Shelby's actions demonstrate the seriousness of bank fraud and the consequences that individuals can face if they engage in such activities. The case serves as a reminder of the importance of financial responsibility and the need to adhere to laws and regulations.

As the investigation and prosecution of bank fraud cases continue, it is essential for individuals and businesses to be aware of the risks and consequences associated with such crimes. By working together, we can prevent financial crimes and ensure that those who engage in such activities are held accountable.

Source: https://www.justice.gov/usao-sdms/pr/alabama-woman-pleads-guilty-bank-fraud