Former Bank President Charged with 18 Counts of Bank Fraud
United States Attorney James L. Santelle announced today that David J. Langemak, (age: 41), formerly of Plymouth, Wisconsin, and former bank president of Community Bank and Trust, Plymouth Branch, (CB&T) was indicted June 18, 2013, for 18 counts of bank fraud in violation of Title 18, United States Code, Section 1344 (2). If convicted, Landemak faces a maximum of 30 years in prison and a $1,000,000 fine on each count.
The indictment alleges that Langemak, while employed as president of CB&T made unauthorized withdrawals which totaled approximately $250,000 from the accounts of various bank customers for the benefit of a single unrelated bank customer.
The case was investigated by the Federal Deposit Insurance Corporation, Office of the Inspector General, the Federal Bureau of Investigation, and the Small Business Administration, Office of the Inspector General. The case is being prosecuted by Assistant United States Attorney Carol L. Kraft.
An indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.