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Archive for the ‘white collar crime defense attorney’ tag

Bank Manager Accused of Stealing Elderly Customer’s Money

August 12th, 2012 at 9:02 pm

A six month police investigation has resulted in the arrest of 56 year old Lynn Pranga, a bank manager at Inland Bank’s Geneva branch. Pranga, who also serves on the Geneva Women in Business committee of the Geneva Chamber of Commerce, has been charged with financially exploiting an elderly person, forgery and theft. The alleged crime occurred when she was a bank manager at the St.Charlesbranch of MB Financial Bank.

According to a report in the Daily Herald, an 81 year old customer at MB Financial complained to the bank that a five year certificate of deposit that he held there had been changed to a one year certificate and the balance was less than what he had originally deposited. An investigation by the bank revealed that between June 2009 and June 2011, $20,000 from that account, as well as two other accounts the customer had with the bank, had been withdrawn by former branch manager Pranga.

The investigation also revealed a check that Pranga had forged for $3,500, payable to MetLife Mortgage on June 24, 2009. MetLife Mortgage had filed a foreclosure suit against Pranga in December 2011, which was dismissed in June.

The charges and arrest warrant were issued through the Kane County State’s Attorney office, which also set bail at $30,000. Pranga turned herself into police and was released on $3,000 cash bond. If convicted, Pranga faces 3 to 7 years in prison on both the exploitation and theft charges, and 2 to 5 years on the forgery charge.

If you are accused of a felony, make sure you consult with an experienced Rolling Meadows criminal defense attorney or you could be convicted and sent to prison. Forgery and theft are serious charges, and the consequences for a conviction can affect you for the rest of your life. Our criminal defense lawyers in Rolling Meadows are here to provide legal advice to help you make the best decision for you.

Former Bank Account Accused of Embezzling Almost $280,000

June 17th, 2012 at 2:08 pm

Shaun Horan, 31, of Aurora, worked as an accountant at Resource One Bank in Oak Brook from 2007 to 2011. He was recently charged with embezzling almost $300,000 from his former employer.  Authorities allege that Horan wrote himself unauthorized checks totaling $286,237.23 from the company account, and in an attempt to conceal the thefts, either deleted or changed entries in the company’s books.

A co-worker discovered the missing money in December while reviewing bank records. A follow up internal audit by the bank confirmed the amount of the money that had been stolen. According to prosecutors, by then, Horan had already spent some of the money on a down payment for a house and a new car.

The Daily Herald reports that Horan is married with two children and has been working for a Chicago-based staffing service for about the past three months. He was charged with one count of theft over $100,000 and faces up to 15 years in prison if convicted. His bail was set at $250,000.

State’s Attorney Robert Berlin said in a statement, “White collar crimes, such as what is alleged in this case, can not only pose a great hardship to the victim, but can have an enormous impact on society as well. When a company is defrauded, it must make up for its losses by raising costs, which ultimately means higher prices for consumers.”

Berlinalso added, “Additionally, this can also result in less pay for employees and even job losses. The effect can continue to ripple when it comes to those employees who now find themselves unable to pay off loans, and credit becomes harder to obtain.”

If you are accused of committing a white collar crime, or any other crime, you need to retain the services of an experienced Elk Grove criminal defense attorney to ensure your rights are protected.

Feds Criminally Charge Chicago Commodities Trader for Operating $8 Million Ponzi Scheme

June 8th, 2012 at 9:20 am

According to the Chicago Tribune, a complaint filed in the U.S. District Court for the Northern District of Illinois charges 36-year-old Bradley Scott Schiller of Chicago with solicitation fraud, misappropriation of investment funds, and issuance of false investment statements.

The Commodity Future Trading Commission (CFTC) alleges that between 2008 and 2012, Schiller used false account statements showing his success as a trader to solicit more than $7.8 million from six investors for trading commodity futures in managed accounts. Schiller then used funds from newly solicited investors to pay off funds owed to old investors, thus creating a complex Ponzi scheme. He was able to gain new investors by lying about his successes and providing them with false account statements he had created.

Meanwhile, Schiller allegedly deposited only $3.7 million of the funds to be invested in actual trading accounts, later losing $1.6 million in trading and then withdrawing $2.1 million from the accounts. This left the accounts with balances near zero. It is alleged that Schiller used the money to fund his expensive automobiles, a high-rise condominium, and pay other personal expenses.

Federal criminal charges involving complex financial accounts and transactions can result in very complicated criminal proceedings supported by extensive documentary evidence. Examining all of this evidence takes a great deal of time and specialized skills in order to adequately prepare your case. Furthermore, the penalties for convictions of these federal crimes can be very severe. As a result, you need the assistance of a skilled, experienced criminal defense attorney in Rolling Meadows, Illinois, to help you through your extensive, time-consuming, and often stressful proceedings.

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