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Man admits defrauding bankMADISON. Wis. (UPI) -Brian Szott, charged with defrauding the failed Strong’s Bank in Dodgeville, has pleaded guilty.Szott entered his plea Monday in federal court in Madison. Szott was accused of getting a $2.6 million check falsely certified at the bank and using his position as a bank director to misapply $1.3 million in deposits.In exchange for the plea, U.S. Attorney John Byrnes asked U.S. District Judge John Shabaz to dismiss two other charges against Szott, 29 of St. Albert, Alberta.One charge accused him oftransporting the falsely certified check in interstate and foreign commerce. Another accused him of making false statements to get a $400,000 loan approved by the bank’s board of directors.Richard Lamoureaux was also charged with making false statements for the loan application. Byrnes is expected to file a written request today asking the charge against Lamoureaux be dismissed. The trial on that charge was expected to begin Sept. 30 in Eau Claire. Szott’s trial on the other charges was scheduled for Oct. 15 in Madison.Shabaz said he would formally consider Byrnes’ request to drop the two charges against Szottwhen he imposes sentence.Szott faces a maximum penalty of 10 years in prison, a $10,000 fine and an order to pay restitution. He will remain free on $150,000 Canadian cash bail posted by his parents. However, he must remain in Dane County.Lamoureaux was released on bail earlier this month.Byrnes’ request to drop the false statements charge against Lamoureaux leaves room for future indictments, he said, adding, “The investigation is going to continue.”Szott and Lamoureaux were accused of committing fraud during the final weeks Strong’s Bank was open.
Newspaper Details
Kenosha News
Kenosha, Wisconsin, US
Tue, Sep 24, 1985
Page 15
Full Page
Clipped by
Madison P.
WI, USA 11 Nov 2024
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