- Associated Press - Wednesday, November 29, 2017

PORTLAND, Ore. (AP) - Two former top bank executives accused of committing bank fraud have been convicted of conspiracy.

The Oregonian/OregonLive reported Tuesday that a jury found Bank of Oswego’s co-founder and former Chief Executive Dan Heine and the Chief Financial Officer Diane Yates guilty of falsifying entries in the bank’s books for five years.

Prosecutors say Heine and Yates falsified the bank records to cover up bad loans from regulators and the bank’s own board.

They were convicted on 12 counts of making false entries, each carrying a 30-year maximum prison sentence.

Their sentencing is scheduled for March 5.

Haine’s lawyer and Yates’ lawyer say they plan to challenge the verdict.


Information from: The Oregonian/OregonLive, http://www.oregonlive.com

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide