Bank Fraud: Woman Approves Loans For Herself

Font Size By The Associated Press
.

M60o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr Bank Fraud: Woman Approves Loans For Herself
Published: Mon, May 26, 2008 - 12:15 pm
Last Updated: Mon, May 26, 2008 - 12:23 pm
MOBILE, Ala. (AP) - A Jackson woman has pleaded guilty to
federal fraud charges, admitting that she used her bank position to
steal about $60,000.
Former Allied Credit Union manager, 67-year-old Pamela Fogelman
Gwin, admitted that she approved and funded loans from the
institution to herself from 1991 to 2005.
Over the years Gwin rolled old loans into new loans, making them
appear current or paid ahead.
No one at the company knew of the changes or reviewed them. The
changes included extending due dates, reducing or waiving interest
rates and changing the frequency of payments.
She made a total of 634 alterations to the files.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

also if your self employed you cant get a loan you are a high risk.But a person that works 9to5 or has one job looses there job they do not have any income. A person that has many clients may loose one or 2 cliets but still has income so we have to pay higher points and rates. I think all people should be equal and be treated fair.

Posted by lawnman on 05/26/08 - 5:05 pm • Report Abuse   

And ya’ll tought I was blowing smoke, I still say that financial institutes Don’t give a dam about you or your money, care less for your loyality much less at the monies that are removed from your accounts just like it’s no big deal that their own folks rip them off.  the only reason this is made public is cause someone made an issue of it or spilled the bean’s outside work.

Posted by justme on 05/26/08 - 3:34 pm • Report Abuse   


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