Former Loan Officer Indicted for Bank Fraud and Aggravated Identity Theft

Allison Tussey —  September 15, 2009 — 1 Comment

Emma Vigil, 48, McAllen, Texas, has been indicted by a federal grand jury and charged her with five counts of bank fraud and one count of aggravated identity theft. Vigil was arrested by FBI agents at her residence and will be arraigned at a hearing before U.S. Magistrate Judge Peter Ormsby in McAllen.

According to the indictment, returned under seal on Sept. 10, 2009, and unsealed following the arrest, Vigil used her former position as a loan officer at Lone Star National Bank from May 2005 to September 2008 to conduct numerous fraudulent and unauthorized debit transactions from her loan customers’ accounts. In many instances, Vigil targeted customers with high-balance, high-activity accounts to conceal her scheme.

The indictment also alleges that Vigil generated and submitted two commercial loan applications that she knew to contain materially false information. In addition to manufacturing the applicants’ names for both loans, Vigil allegedly secured funding on at least one of the loans by using information belonging to her legitimate loan customers including dates of birth, mailing addresses, passport numbers and financial statements.

As a result of Vigil’s alleged fraud, Lone Star National Bank and its customers have sustained losses totaling in excess of $600,000.

If convicted, Vigil faces up to 30 years in federal prison for each bank fraud count and a mandatory two-year-term of imprisonment for the aggravated identity theft count. The mandatory two-year sentence for an aggravated identity theft conviction must be served consecutive to any sentence imposed for a bank fraud conviction; there is no parole in the federal system.

United States Attorney Tim Johnson announced the inditment.

The investigation leading to the charges was conducted by special agents of the FBI and is being prosecuted by Assistant United States Attorney Gregory S. Saikin.

An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.


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Allison Tussey

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One response to Former Loan Officer Indicted for Bank Fraud and Aggravated Identity Theft

  1. well on the Emma vigil case no matter how small or how big she still did what she did and took from a bank that trusted her that is why she had that position but i guess it wasn’t good enough for her so she started taking from other people.i hate 2 say it but her husband is our cousin and he just retired about 2 years ago from the mcallen police dept.and i do believe he worked there for a very long time.well i am sure he knew something about it since they did have a new house and the girls had their own car before they graduated.i guess some people can’t get enough of money and its a shame she had a good job and good girls that she would do such a thing like this.i know shes family but a very distance one and i will never forget some words she said to my grandmother and now that i think about it just makes me laugh because like they say “what comes around goes around”.well Emma just face the wrong you have done and think about all the people that you hurt especially your daughters so sad but true.

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