Ardmore/Davis Man Sentenced to 24 Months, $14 Million Restitution for Bank Fraud
Muskogee, Oklahoma - The United States Attorney’s Office for the Eastern District of Oklahoma, announced that W.A. MOORE, JR., a/k/a "Dub" Moore, age 75, of Ardmore, Oklahoma, formerly of Davis, Oklahoma, was sentenced to 24 months imprisonment for Bank Fraud, in violation of Title 18, United States Code, Section 1344. The defendant was also ordered to pay $14,698,660.98 in restitution.
The charge arose from an investigation by the United States Department of Agriculture and the Federal Bureau of Investigation.
MOORE pled guilty in February, 2014 to an Information alleging that from on or about October 1, 2009 and continuing through March, 31, 2011, in the Eastern District of Oklahoma, Defendant, W.A. MOORE, JR., a/k/a "Dub" Moore, devised a scheme and artifice to defraud First National Bank of Davis, a bank whose deposits were insured by the Federal Deposit Insurance Corporation, to wit: the defendant knowingly and fraudulently approved nominee loans for the benefit of bank customers in order to avoid the bank's legal lending limit.
The Honorable Ronald A. White, District Judge in the United States District Court for the Eastern District of Oklahoma, presided over the sentencing. The defendant was ordered to report to the Bureau of Prisons on January 14, 2015.
Assistant United States Attorneys Melody Nelson and Tom Wright represented the United States.