Former Wichita Falls Bank VP Sentenced for COVID-19 Loan Fraud

Former Wichita Falls bank VP sentenced for COVID-19 loan fraud

A former bank vice president in Wichita Falls was sentenced to four years in federal prison for orchestrating a fraud scheme involving fraudulent PPP and EIDL loans.

Former Wichita Falls Bank Executive Sentenced to Four Years for PPP Loan Fraud

A former vice president at a Wichita Falls bank has been sentenced to four years in federal prison for orchestrating a scheme involving fraudulent

Bank Insider Drains $140,000 From US Government Using Illegally Obtained Customer Information

A former bank executive used his position at the lender to drain more than $140,000 from two US government programs. The U.S. Attorney’s Office for the Northern District of Texas says Kaylee Ree Lunn, 37, of Holliday, Texas, has pleaded guilty to one count of wire fraud for running a scheme that siphoned government funds via fraudulent Paycheck Protection Plan (PPP) loans. Court documents show that Lunn abused her position as vice president at t…

Ex-VP of Wichita Falls Bank Gets 4 Years in Pandemic Loan Scam

Kaylee Ree Lunn pleaded guilty in July to wire fraud, admitting that she used bank customers’ financial data to apply for bogus loans under the government’s Paycheck Protection Program. The post Ex-VP of Wichita Falls Bank Gets 4 Years in Pandemic Loan Scam appeared first on The Texas Lawbook.