Former Bank President Charged with 18 Counts of Bank Fraud
United States Attorney James L. Santelle announced today that David J. Langemak, age 41, formerly of Plymouth, Wisconsin, and former bank president of Community Bank and Trust (CB&T), Plymouth Branch, was indicted June 18, 2013, on 18 counts of wire fraud in violation of Title 18, United States Code, Section 1344 (2). If convicted, Landemak faces a maximum of 30 years in prison and a $1,000,000 fine on each count.
The indictment alleges that Langemak, while employed as president of CB&T, made unauthorized withdrawals that totaled approximately $250,000 from the accounts of various bank customers for the benefit of a single unrelated bank customer.
Source: U.S. Federal Bureau of Investigation
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