Former Bank President Charged with 18 Counts of Bank Fraud
|U.S. Attorney’s Office June 18, 2013|
United States Attorney James L. Santelle announced today that David J. Langemak, age 41, formerly of Plymouth, Wisconsin, and former bank president of Community Bank and Trust (CB&T), Plymouth Branch, was indicted June 18, 2013, on 18 counts of wire fraud in violation of Title 18, United States Code, Section 1344 (2). If convicted, Landemak faces a maximum of 30 years in prison and a $1,000,000 fine on each count.
The indictment alleges that Langemak, while employed as president of CB&T, made unauthorized withdrawals that totaled approximately $250,000 from the accounts of various bank customers for the benefit of a single unrelated bank customer.
The case was investigated by the Federal Deposit Insurance Corporation-Office of the Inspector General, the Federal Bureau of Investigation, and the Small Business Administration-Office of the Inspector General. The case is being prosecuted by Assistant United States Attorney Carol L. Kraft.
An indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.