United States Attorney James T. Jacks
Northern District of Texas

WEDNESDAY, DECEMBER 9, 2009
http://www.usdoj.gov/usao/txn/

FORMER LOAN OFFICER PLEADS GUILTY IN BANK FRAUD CASE

AMARILLO, Texas — A former employee of Interstate Bank, SSB, Kathy Parsley Cluck, pleaded guilty today before U.S. District Judge Mary Lou Robinson to making false entries by a bank employee, announced U.S. Attorney James T. Jacks of the Northern District of Texas. Cluck, 55, faces a maximum statutory sentence of 30 years in prison, a $1 million fine and restitution. A sentencing date was not set.

According to plea documents filed in the case, between 2006 and 2009, Cluck who was employed as a mortgage loan officer at Interstate Bank, SSB, falsified some of the deposit statements of her customers in their mortgage loan applications. By inflating their deposits, the borrower was able to get a lower mortgage interest rate, or would not have to pay as much mortgage insurance. Cluck had the highest volume of mortgage loans at the bank and was a commissioned employee.

The case is being investigated by the FBI and prosecuted by Assistant U.S. Attorney Christy Drake of the Amarillo, Texas, U.S. Attorney’s Office.

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