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Fugitive Banker Surrenders in $1.2 Million Fraud Case

A former Oregon bank manager who fled after she was accused of stealing up to $1.2 million from customers has surrendered in California, the FBI said. The FBI had been seeking 37-year-old Shawna Leimomi Moore-Saia since Oct. 27, when a federal judge issued a warrant for her arrest on charges of identity theft, credit card...

Kansas City Man Sent Money to Al-Qaida

(May 20) -- An American citizen swore an oath of allegiance to al-Qaida and then funneled $23,500 to the terrorist group between 2007 and 2008. Khalid Ouazzani, a 32-year-old Kansas City, Mo., man, pleaded guilty Wednesday to bank fraud, money laundering and conspiracy. Ouazzani was born in Morocco and became a...

Bankruptcy, Scandal Have California Town Reeling

SAN FRANCISCO (Nov. 18) -- Farmers in the Eel River Valley dairy lands of Northern California looked up to Rich Ghilarducci. He ran the Humboldt Creamery, a thriving cooperative that increasingly pushed organic products. The former mayor of the town of Rio Dell made major contributions to local charities and headed the...

Background on bank fraud

Bank fraud is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently representing to be a bank or financial institution.

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