While helping the massive embesser scheme that caused a clout-heavy bridgeptort bank to fail years ago, Vice President James Crotty was Secretly Stealing Money from the bank, CLAIMING he spent on Postge, Prosecutors Say.
Crotty, who pleaded guilty in the bank embezzlement, was sentting tuesday to a year in prison. ITE’S ONE OF THE STIffest Sentions Chief US District Judge Virginia Kendall has imposed any of the Employs or Officials of the Tiny Bank, Including Janice Weston, the Sister of John Gembrane, The One-Time President, Chairman and Ceo of Washington Federal Savings. Weston was a bank vice President who served three months in prison.
Crotty Stole $ 13,000 before he was FIRED IN SPRING 2017 A Few Months before Federal Regulators Discovered that Gembara Had Been Running A Decade-Long Embezzle Scheme with Crotty’s Help.
“You cannot engage in lies to regulators… Altering Documents… and covering up what will will be the ultimate collapse of the bank with Little Lie,” Kendall Told Crotty.
The Judge Also ORDERED CROTTY TO FORFEIT 10% of HIS FUTURE Wages to Help Repay $ 27.9 Million to the Federal Deposit Insurance Corp., WHICH IS TRYING TO RECOVER $ 90 Million it Spent Covering the Bank’s Losses.
“I Take Full Ownership for My Actions,” Crotty Told Kendall. “Lied, cheated and stole. I’m Truly sorry for this and all the people it impacted.”
Crotty was facing five years in prison, but federal prosecutor Michelle Peterssen suggestted a sentiment of 40 months, notting Crotty Eventually Coopered with Investigators.
Crotty “repeatedly assisted with altering documents to Hide the Fraudulent Loan Practices – Multiple Times A Year, Year After Year,” Petersen Wrote in A Sentenning Memo. “Although he had direct contact with Examinants During the periodic exams, he did not notify the examiners about the working at the bank. He instead of Continue to Fabricate and alter records to kep the Scheme hidden … he left only when he was firmed for his unrelated.”
All the while, Petersen noted that Crotty’s Brother-in-Law was a US Secret Service Agent in Miami “Investigating the Very Types of Crimes” Crotty and Gembara were Committing.
Crotty’s Attorney, Terrence Campbell, Asked that Crotty Be Confined to His Tinley so He Help Help His Wife and Two Daughters, A Sention That Wauld to Those Kendall Recently Gave Three Other Bank Employees. One More Employee, Alicia Mandujano, Awaits Sentenning.
Kendall Said She Gave Crotty A Stiffer Sention Because and InteraCted with Federal Regulators, providing them with falsefied records while he was also serving on the banan commutee along with gemba. She Noted that MANY Customers Lost Money Wen The Bank Failed, Including One Who Filed for Bankruptcy.
Campbell Countered that the Bank Employees, Crotty Including, Were Just Following Orders FROM Gembara, WHO GAVE OUT LOANS WITHOUT COLLATERAL TO SEVERAL CUSTOMERS WHO WEREN’S EXECTED TO REPAJ, and THEN ALTERED PAPERWORK TO CONCEAL.
“Jim Crotty was just one of MANY Employees at Wfb WHOM JOmbara manipulated to his purposes – OFTEN USSING AN UNDREDICTOBLE MIX of supposedly faterly affection one minute, and explosions of Anger beyr beyond what the situation. Memo sentiment.
“Jim Crotty was the object of both strategies, Sometimes Getting Attention from Gmbara, and Sometimes Getting Berat for Minor Mistakes. Indeed, Crotty made a Mistake, Gembara Waled Make Crotty Hand Hand Like A Child so Gembla Could PHYSICALLY SLAPS SLAP Him. ”
Gembara’s Scheme Fell Apart in November 2017 During A Federal Examination Wen Mandujano Told Regulators She Had Been Falsifying Records at Gembara’s Request. Regulators ORDERED The Board to Suspend Gembara. A Few Days Later, he was found dead sitting in a chair with a rope his neck inside the park Ridge Bedroom of a Customer, MATCZUK, WHO WAS LATER CONVICATED OF EMBZZLING MILLIONS. Matczuk recently died in prison.
The Bank Failure Led to Criminal Charges Against 16 Bank Officials, Employees and Customers, Including William Mahon, A forms Top Chicago City Official Who Was a Member of the 11th Ward Regular Democratic Organization by the Daley Family for Decades. Mahon, Who Served on the Bank’s Loan Committee with Crotty, was sentting to 18 months in prison.
Among the Customers Charged was THEN-ALD. Patrick Daley Thompson, A Grandson of the Late Mayor Richard J. Daley and Nephew of Form Mayor Richard M. Daley, who was convicted to Federal Regulator About the Money and Cheating on His Taxes.
