Bank Teller Hands $50,000 To Himself After Submitting, Accepting Fraudulent Loan Application: DOJ

A US bank employee has admitted to falsifying a loan application and handing $50,000 to himself.

The DOJ says 38 year-old Jordan Andrew Hennessy was responsible for negotiating the counteroffer to his own loan request at First Interstate Bank in Montana.

“His position allowed him to be on both sides of the transaction, negotiating with himself. Once the $50,000 line of credit was funded, Hennessy transferred the Stillwater Group funds from the joint account he created with his father’s name into his personal checking account.

Hennessy then used the funds to finance several transactions with an internet-based investment company and eventually defaulted on the $50,000 line of credit.”

The incident happened on March 11, 2022, when Hennessy was working as the commercial relationship manager.

Hennessy has pleaded guilty to one count of bank fraud and faces up to 30 years in prison, a $1 million fine, five years of supervised release and a $100 special assessment.

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