Randy Gard Teall, a former credit union vice president, was sentenced last week to 12 months and one day in federal prison for bank fraud by U.S. District Court Judge Edward J. Lodge in Coeur d'Alene, Idaho.
While working as vice president of Idaho operations for the $394 million Global Credit Union in Spokane, Wash., Teall made false statements about the creditworthiness of three borrowers and a business from 2007 to 2009, according to court documents.
Teall and one of the borrowers were business partners in a real estate endeavor. What's more, Teall was the borrower's landlord.
After making false statements, Teall approved loans that amounted to more than $83,000 for these individuals.
Judge Lodge is expected to determine later how much in restitution Teall will be ordered to pay.
Teall's fraud was detected after his position was eliminated at the credit union's Coeur d' Alene-based branch in August 2010.
A sampling of Teall's loans was reviewed by Global managers, who uncovered the loan discrepancies.
Court records also revealed in June 1997 Teall pleaded guilty to making false statements on a $40,000 customer loan application while he was working at U.S. Bank.
He served one month in federal prison, five months in home detention and five years of supervised release for that crime. Teall also was ordered to pay $9,000 in restitution, according to court documents.
Despite his federal conviction, Teall was hired by Global in June 1998 as a real estate loan officer. He was promoted to manager and senior loan officer of the credit union's Coeur d'Alene real estate lending group and then promoted again to vice president of the credit union's Idaho operations, according to court documents.
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