bank fraud

Florin Nicolae Tarta, 40, of Satu Mare, Romania, was convicted earlier this year in federal court in Chicago on charges of bank fraud, access device fraud, and aggravated identity theft. #atm

Schiff, 50, of Riverwoods, Ill., pleaded guilty in 2023 to a federal bank fraud charge. In addition to the prison sentence, U.S. District Judge Mary M. Rowland on Jan. 16, 2025, ordered Schiff to pay $2,955,954 in restitution. #fraud

Both men were charged in October 2020 in a twelve-count indictment. #indictment

As a result of Collins’s false representations and material omissions regarding the line of credit and the trust, the bank lost approximately $54.5 million, the indictment states. #fbi