Former Bank Officer Charged with Making False Entry in Bank Records
| U.S. Attorney’s Office July 06, 2010 |
INDIANAPOLIS—Robert E. Tolle, 39, Greenwood, Ind., was charged last week with making a false bank entry following an investigation by the Federal Bureau of Investigation.
The charging document alleges that on or about September 27, 2007, Tolle, then an officer of Old National Bank, prepared a false construction progress inspection report regarding a housing development project. Tolle supervised an Old National Bank loan for the project. Tolle caused the document to be included in the housing development project loan file of Old National Bank, in order to deceive officers of the bank regarding the status of the loan, so that upon review it would not be downgraded. The loan went into default and was written off by Old National Bank.
According to Assistant U.S. Attorney James M. Warden, who is prosecuting the case for the government, Tolle faces a maximum of 30 years in prison and a $1,000,000 fine. An initial hearing will be scheduled before a U.S. Magistrate Judge.
An information 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.