Home San Antonio Press Releases 2010 Former LaCoste National Bank President Pleads Guilty

Former LaCoste National Bank President Pleads Guilty

U.S. Attorney’s Office October 27, 2010
  • Western District of Texas (210) 384-7100

United States Attorney John E. Murphy announced that in San Antonio, former LaCoste National Bank president Jodi P. Gwyn faces between three and five years in federal prison and restitution totaling more than $8 million after pleading guilty this afternoon to one count of making false entries in bank books and records.

Appearing before United States Magistrate Judge Pamela Mathy, Gwyn admitted that in September 2008, he intentionally made a false entry in the LaCoste National Bank's general ledger in order to deceive bank examiners. Gwyn's false entry noted a $2.5 million loan to particular individuals when, in fact, the loan proceeds had already been advanced to a different bank customer.

Sentencing is scheduled for January 27, 2011, before United States District Judge Orlando Garcia.

This case was investigated by special agents with the Federal Deposit Insurance Corporation Office of Inspector General and the Federal Bureau of Investigation. Assistant United States Attorney Thomas Moore is prosecuting this case on behalf of the government.