⏱ 2 min read
Myrkel Latroy Staley, 43, of Shelburne, Vermont, has been charged with four counts of bank fraud for allegedly defrauding TD Bank out of hundreds of thousands of dollars. The scheme, which lasted from June 2021 to March 2023, involved Staley submitting fake tax returns to secure a mortgage loan and a home equity loan on a property in Shelburne. He also fraudulently obtained $283,000 from another person to use as a down payment on the property.
Staley’s alleged fraud was thorough, with fake documents and tax returns used to convince TD Bank to approve the loans. The indictment, which was returned by a federal grand jury on July 2, 2026, outlines a complex web of deceit and dishonesty.
Staley entered a plea of not guilty to the charges during an arraignment on July 14, 2026, before United States Magistrate Judge Kevin J. Doyle. He was released on conditions, but faces up to 30 years in prison and a $1,000,000 fine if convicted.
The investigation into Staley’s alleged bank fraud was led by the FBI, with assistance from the United States Secret Service and the IRS-Criminal Division. First Assistant United States Attorney Jonathan A. Ophardt commended the work of these agencies in bringing Staley to justice.
📋 Key Facts
- Crime: Fraud & Financial Crimes
- Defendant: Vermont
- Location: VT
- Source: DOJ Press Release
