Fraud Identification Training - Case Studies

CASE STUDY 5

check to Luke Rodman. An Infiniti was pledged as additional collateral on #982 but no filed lien was found.

Name of Borrower

Loan No.

Loan Date

Kevin D. Gillon

720

2-25-X9

On 2-25-X9, loan #720 was made to Kevin D. Gillon reportedly for the purchase of a vehicle. The proceeds were disbursed in the form of a cashier’s check #759, dated 2-18-X 9. The cashier’s check was issued to William J. Avery, Attorney, Trust Account and the remitter was listed as Leslie Butler/Second Avenue Bank. A Chevrolet Suburban was pledged against the loan, but no lien entry was ever filed.

Name of Borrower

Loan No.

Loan Date

Dwight Pearl

731 744

7-14-X9 8-17-X9

The purpose of loan #731 was listed as “John Deere Tractor”, which was pledged again st the debt. The proceeds were disbursed in the form of two cashier’s checks. One, #3557 dated 7-13-X9, was made payable to Dwight Pearl. Mr. Pearl’s signature looks very similar to that of the loan officer, Dav id Little. The second, #3562 also dated 7-13-X9, was made payable to View and Noise, a local appliance retailer. The personal loan worksheet on Mr. Pearl stated that Mr. Little had “known Dwight many years – Buying appliances – Bonus check in Oct. ‘ X9 to pay off loan.” Mr. Pearl’s loan applica tion listed his employer as the Wyoming State Wildlife Department. No credit report was in file as of the loan date. Loan #744 listed its purpose as “business expense.” It renewed the above note and additional funds were advanced and paid in the form of a cashier’s check. This check #9222, dated 8-11-X9, was made payable to American Title Company. No filings on any collateral were found in file.

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