Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Ex-Lawyer Sentenced in Fraud Charges
Posted on November 4th, 2010 No commentsA former lawyer has been sentenced to 10 years in prison for diverting $3.6 million of client funds from a trust account over the course of 12 years. Peter T. Elliott, 62, of Summit, who also faces separate bank robbery charges in Waukesha County, the Milwaukee Journal Sentinel reported. -
Foreign Men Arrested in Bank Fraud
Posted on November 4th, 2010 No commentsTwo Moldovan men who allegedly took part in a complex scheme to siphon millions of dollars out of American bank accounts were arrested in Wisconsin and are to be shipped to New York to face charges. Read the Wisconsin State Journal article. -
Developer Sentenced in Bank Fraud
Posted on June 26th, 2010 No commentsA Jefferson developer has been sentenced to five years in prison for bank fraud. Brian S. Johnson, 52, was sentenced for defrauding Evergreen State Bank of Stoughton of $3.9 million by taking out loans under false pretenses, according to the Wisconsin State Journal.
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Developer Pleads Guilty to Bank Fraud
Posted on February 23rd, 2010 No commentsJefferson, Wis., developer Brian S. Johnson, 52, pleaded guilty to a federal bank fraud charge for borrowing more than $4.5 million from Evergreen State Bank, Stoughton, between September 2004 and December 2005 and using the money for other purposes, the Wisconsin State Journal reported.