Ex-Texas Bank President Gets 8 Years to Get Fake Loans, to Set Fires in Attempt to Cover Up Fraud

Prosecutors said the former Texas bank chief who issued fraudulent millions of dollars in loans over nearly a decade and set fire to an attempt to cover up the fraud was sentenced to eight years in prison Tuesday.

The woman, Anita Gill Moody, 57, pleaded guilty in June to conspiracy to commit bank fraud and arson.

The U.S. Attorney’s Office for the Eastern District of Texas said it was ordered to pay more than $ 11 million in damages, which Enloe State Bank, which ran it, lost.

Moody was the bank president in Cooper, about 80 miles northeast of Dallas, and she initiated the confidential scam in 2012.

In May 2019 – one day before the scheduled time for a Texas bank management review – Moody’s agency set a fire in the bank’s boardroom with files on a table, and they were all burned, according to plaintiffs.

Prosecutors said in court documents that it has made more than 100 fraudulent loans over the years.

She has used some of the money for her boyfriend and friends’ business, family and her own lifestyle, including a Jeep. Other federal investigators said that some of the loans were taken out to pay the interest and principal of the loan on others, so it didn’t seem to be wrong.

Her lawyer, John C. Jin, said in an email Tuesday evening that Moody “felt very remorseful for these events and is fully responsible for her actions.”

“She is ready to serve her sentence and will fix whatever conditions allow in the future,” he said.

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Jane argued in court documents that Moody had worked at the bank her entire adult life and described her out of control life, adding that she loaned money first out of sympathy but in 2012 she began using loans for herself.

Acting US Representative Nicholas J. Gangi He said in a statement, “Criminal behavior affecting the financial health of a small local lender could send a negative impact throughout the entire community.”

The State Banking Department closed the bank, which was leased in 1928, in 2019. At that time, the division She said I was forced to close it “due to ill-treatment and fraud by former officers.”

The bank’s former vice president, Jenny Swim, pleaded guilty last year to one count and was sentenced to two years in prison and paid more than $ 410,000 in damages, according to the attorney general’s office and US court records.

The Federal Deposit Insurance Corporation, which insures deposits, was appointed as a recipient after the bank failed. The agency’s deposit insurance fund lost nearly $ 21 million, according to the inspector general’s report She said.

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