Former Texas bank president admits to setting records ablaze to hide fake loans she issued
When a small-town, East Texas bank caught fire the day before state inspectors were to examine the books, few thought it was a coincidence.
The May 2019 fire at Enloe State Bank in Cooper was started in the bank’s board room. Someone had stacked files on a conference table and set it ablaze, court records show. On Friday, Anita Gail Moody, 57, the bank’s former president who had worked there since she was a teenager, pleaded guilty in Sherman to conspiracy to commit bank fraud and arson for her actions, federal authorities said.
Moody held the top job for more than 10 years. Since 2012, she had been stealing from the bank by creating more than 100 fake loans in the names of actual bank customers and others, according to the U.S. attorney for the Eastern District of Texas. The fraud totaled about $11 million, officials said.
Moody has agreed to a sentence of seven years in federal prison and to pay $11.1 million in restitution, the U.S. attorney’s office said. A sentencing date will be scheduled. Her attorney declined on Monday to comment.
Read more: https://www.dallasnews.com/business/banking/2020/06/08/former-texas-bank-president-admits-to-setting-records-ablaze-to-hide-fake-loans-she-issued/
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That is crazy.
