Former Bank President Charged with 18 Counts of Bank Fraud

Tags:
2013-06-20

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

  • 400 reads