Fraud Identification Training Sept-Oct 2022

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-X9. 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 against 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, David 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 application 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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