Agency OIG works in May with law enforcement to obtain conviction, funds forfeiture and conspiracy charge

Three recent partnerships between the federal insurer of bank deposits and federal law enforcement have resulted in a conviction, forfeiture of funds and charges of conspiracy to defraud a bank, the agency said Wednesday.

In a release, the Federal Deposit Insurance Corp.’s (FDIC) Office of Inspector General (OIG) said it worked with U.S. Attorneys’ offices (and other OIGs and law enforcement) throughout the country to:

  • Charge Jeffrey Dunlap, 44, of Slidell, La., and owner of Phoenix Civil Contractors, on May 14 with conspiracy to defraud First NBC Bank, a New Orleans-based bank that failed in April 2017, according to a release issued by the U.S. Department of Justice.
  • Present the West Virginia State Police with nearly $1.1 million ($1,087,285) as a result of a civil forfeiture action relating to violations of the Bank Secrecy Act by First National Bank of Williamson (W.Va.), the DOJ said in a release May 14. The release also noted the bank agreed to forfeit $1.36 million to the United States, representing the sum of transactions uncovered.
  • Obtain a conviction of Jack Weichman, 65, of Dyer, Ind., for bank fraud, concealment of assets during bankruptcy, wire fraud, and filing a false tax return. Weichman was sentenced to 96 months’ imprisonment and ordered to pay more than $4.1 million to his various victims in this case. The sentencing was announced by DOJ May 7.

Northshore Contractor Charged with Conspiracy to Defraud First NBC Bank

United States Attorney Mike Stuart and FBI Officials Present Over $1 Million in Forfeited Proceeds to the West Virginia State Police

Jack Weichman, Owner of the CPA Firm Weichman & Associates, sentenched to 96 Months imprisonment and Ordered to Pay Over $4,000,000 in Restitution.