Former Banker Arrested in White-collar Case - Sparrow Law Firm

Raleigh’s WNCN recently reported on a former bank director who has been arrested after spending a year and a half being pursued by the FBI and other law enforcement agencies.

The former head of a south Georgia bank is accused of white-collar crimes that include embezzling millions from the small-town bank as well as from investors.

The 47-year-old was reportedly working odd jobs for cash while living in his vehicle.

He was pulled over for a traffic stop apparently initiated when a police officer thought the suspect’s vehicle’s windows were too darkly tinted.

The man vanished in June of 2012 after sending a letter to his family in which he admitted to losing investors’ money. He stated that he would commit suicide by leaping from a Florida ferry, according to news reports.

Though a judge in that state declared the man dead, FBI officials said they never stopped their investigation of the case and search for the suspect.

The defendant was indicted back in July of 2012 on charges that he looted the bank of $21 million. Charges also detailed his alleged swindling of additional millions from investors in a money management firm.

The man disappeared after sending letters describing a suicide trip he planned in Key West. He wrote that he would jump from a ferry bound for Fort Meyers.

Security videos did indeed pinpoint him at the ferry terminal on the day he vanished, and searchers were sent out to look for his body, but FBI agents continued their pursuit of him regardless.

Anyone facing a white-collar crime investigation should discuss the evidence in the matter with an experienced attorney with a track record of successful criminal defenses.

Source: WNCN, “Marshal: Fugitive banker homeless before arrest,” Jan. 2, 2014