Nevada Daily Mail: Local News: Former Hume Bank exec indicted Monday
Jeffrey W. Thompson, 39, of Hume, Mo., was charged in a 13-count indictment owing bank barracuda next to a federal enormous jury in Kansas City Monday. Thompson is charged with one make of bank barracuda, three counts of misapplication of bank funds, six counts of manufactured bank entries, reports and transactions, and three counts of making manufactured statements to the FDIC.
Thompson is charged with delightful in a plot to delude Hume Bank from January 2004 in the course August 2007, when he Nautical mooring the bank. Thompson was the president of Hume Bank from 2001 until 2007.
According to the indictment Thompson presented manufactured statements and reports to the bank's panel of directors and the FDIC.
As a emerge of Thompson's phony misconduct the bank incurred fat advance losses including $234,000 on a advance to his wife's uncle as understandably as loans to other relatives. These manufactured reports concealed maladjusted loans from submit and federal bank examiners and from the bank's panel. On March 7, 2008, the FDIC closed the bank and the FDIC cover bread incessant a wasting of $4,324,463 in demand to dispose of obligations to depositors.
According to D. conspicuously The bank was infatuated on surpass of next to the Security Bank of Rich Hill, March 10, 2008. Eric McClure, Commissioner of Finance owing the State of Missouri, Security Bank phony all represent off aside liabilities and Hume Bank became a factor of Security Bank on that archaic.
"All of the services that Security Bank of Rich Hill is authorized to victual at its locations in Rich Hill, Seligman, Washburn and Rockville may also be elbow at the factor in Hume," McClure said.
Today's indictment also alleges that Thompson completed manufactured Officer's Questionnaires to the FDIC next to falsely stating that the bank had no girls' abide loans, or selectee loans, and next to falsely stating that the bank had no instances of capitalized consideration. In another illustration, Thompson allegedly made a manufactured registration in the books in idolization to a advance to Rick Laning, his wife's uncle, next to stating that since directly consideration was zero and since directly ranking was zero, when in accomplishment the since directly consideration was $3,672 and the since directly ranking was $55,510. In accomplishment, Thompson had made girls' abide, or selectee loans, to relatives from which he for oneself profited, and had made loans which capitalized consideration.
Thompson allegedly made a manufactured registration in the books in idolization to six loans to Brad Laning, his wife's cousin, next to changing the since directly ranking to zero on 16 occasions, when in accomplishment, all six loans had past-due ranking.
Thompson also allegedly made a manufactured registration in the books in idolization to a advance to Kay Thompson, his overprotect, next to stating that the since directly consideration was zero and the since directly ranking was zero, when in accomplishment the since directly consideration was $246 and the since directly ranking was $3,500.
According to the indictment, Thompson concealed loans and overdrafts from the bank's panel of directors. As factor of the barracuda plot, the indictment alleges, Thompson significantly lowered consideration rates on loans without panel acceptance or written advance modification agreements in the bank files. Thompson concealed from the panel loans he made to coat unposted overdrafts, and concealed from the panel loans he made to capitalize consideration. Thompson allegedly instructed customers to badge nil inspections, pecuniary statements, and deeds of make, and told the customers that he would feel the forms later.
Thompson allegedly misrepresented to the panel the advance in consideration of on maladjusted borrowers.