3 sentenced for defrauding Commerce Bank of $1.2 million | Crime and courts

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TRADE, Okla. –Three defendants charged with defrauding the First State Bank of Commerce of $1.2 million have pleaded guilty and been sentenced, according to a statement from the U.S. Attorney’s Office for the Northern District of Oklahoma.

Two 53-year-old cattle dealers, John T. Linthicum and Douglas T. Mayfield, and bank worker Angela G. Asbell, 61, were charged with running a check scheme that deprived the bank of the amount between October 2016 and January. 2017, according to the U.S. Attorney’s Office.

All three pleaded guilty to conspiracy to commit bank fraud in U.S. District Court in Tulsa and were sentenced this year.

Linthicum was sentenced in January to 27 months in federal prison, followed by five years of supervised release. Asbell was sentenced Thursday to five months in federal prison, with five months of house arrest and three years of supervised release. Mayfield was sentenced in June to six months of house arrest followed by three years of probation.

The U.S. Attorney’s Office said Linthicum, who was having cash flow problems at his beef business, started the scheme by asking Mayfield to write him insufficiently funded checks on Mayfield’s accounts at another bank.

On several occasions, Mayfield provided Linthicum with blank checks and Linthicum fulfilled the amounts payable to him. Those checks ranged from $100,000 to $375,000, even though both men knew Mayfield lacked the funds to cover those checks, the U.S. attorney’s office said.

Asbell, who was a cashier and branch manager at the bank and kept books for Linthicum’s beef business, wrongly authorized credit for the checks knowing they were forged and authorized Linthicum to transfer funds and purchase bank checks based on the fictitious credit balances created in his account. by the forged checks, the U.S. attorney’s office said.

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