Prosecutors said a former Texas bank governor who issued millions of dollars in fake loans and set fire to cover up fraud in nearly a decade was sentenced to eight years in prison on Tuesday.
The woman, 57-year-old Anita Gail Moody (Anita Gail Moody) pleaded guilty to conspiracy to commit bank fraud and arson in June.
The U.S. Attorney’s Office for the Eastern District of Texas said that she was ordered to pay more than $11 million in damages, which is the loss suffered by her Enloe State Bank.
Moody’s served as the bank’s president in Cooper, about 80 miles northeast of Dallas, and the fraud she admitted began in 201
Prosecutors said that in May 2019-the day before the Texas Banking Department was scheduled to conduct a review-Moody’s set fire to the bank’s board of directors, leaving documents on the desk.
The prosecutor said in court documents that she had created more than 100 fraudulent loans over the years.
She spends some money on her boyfriend’s and friends’ business, for her family life and her own lifestyle, including the jeep. Other federal investigators say that some of these loans are used to pay the interest and principal of other loans, so nothing seems wrong.
Her lawyer, John C. Ginn, said in an e-mail on Tuesday night that Moody’s “remorse for these incidents and take full responsibility for his actions.”
He said: “She is going to serve her sentence and will make amendments if circumstances permit in the future.”
Ginn argued in court documents that Moody spent his entire adult life in the bank and described a life in which life was out of control, adding that she first borrowed money out of sympathy, but In 2012, I started using loans for myself.
Acting U.S. Attorney Nicholas J. Ganjei said in a statement: “Criminal actions that affect the financial health of small local lenders will have a negative ripple effect on the entire community.”
The State Banking Department closed the bank established in 1928 in 2019. At the time, the ministry stated that “due to abuse of power and fraud by insiders, it was forced to close the bank.
According to the records of the U.S. Attorney’s Office and courts, a former bank deputy governor, Jeannie Swaim, was sentenced to two years in prison for a single crime last year and ordered to pay more than $410,000 in damages.
After the bank failed, the Federal Deposit Insurance Corporation, which designated deposits, was designated as the recipient. The inspector general’s report stated that the agency’s deposit insurance fund lost approximately $21 million.