LINDSAY, OKLA. (KOKH) — Officials say an Oklahoma man has pleaded guilty to conspiring to commit brank fraud and to money laundering in connection to a former bank.
According to court documents, 57-year-old Shaun Christian submitted false information in connection with multiple loans in 2021 to the now-defunct First National Bank of Lindsay.
Court records allege that the former bank CEO manipulated bank records related to Christian’s accounts to conceal overdrafts and past-due balances, allowing Christian to obtain extra funds.
A federal grand jury charged Christian with conspiring to commit bank fraud and with money laundering.
This week, Christian pleaded guilty to the charges.
At sentencing, Christian faces up to 30 years in federal prison and a fine of up to $1 million.
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