Failed Oklahoma Bank Indicted, Bank Thursday, Share Facebook — Former President of Failed Oklahoma Bank Indicted for Bank | United States Justice Department.
A federal grand jury in the Western District of Oklahoma returned an indictment yesterday charging the former President and Chief Executive Officer of the First National Bank of Lindsay for his role in a conspiracy to commit bank fraud, bank fraud, making false entries in the books and records of a financial institution, obstructing the examination of a financial institution and failing to implement an anti-money laundering program.the charging documents state, Danny Seibel, 54, of Lindsay, Oklahoma, served as the President and Chief Executive Officer of the First National Bank of Lindsay from in or about February 2007 until his termination in September 2024. For example, Seibel allegedly failed to file any suspicious activity reports on his own fraudulent scheme, and he advised Bank customers to make cash deposits below $10,000 to avoid relevant reporting requirements.The OCC appointed a receiver for the bank in October 2024.If convicted, Seibel carries a maximum potential penalty of 30 years in prison, and a fine of up to $1 million. The indictment also alleges that Seibel failed to implement an anti-money laundering program at the bank as required by the Bank Secrecy Act. Troester for the Western District of Oklahoma; Acting Special Agent in Charge Joseph Melle of Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG); Special Agent in Charge Doug Goodwater of the FBI Oklahoma City Field Office; Special Agent in Charge Christopher Altemus of IRS Criminal Investigations (IRS-CI); and Special Agent in Charge Korey Brinkman of the Federal Housing Finance Agency Office of the Inspector General