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Press Release

Former Bank Manager Indicted For Bank Fraud

For Immediate Release
U.S. Attorney's Office, Middle District of Pennsylvania

HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Karen E. Ramm, age 50, of Camp Hill, Pennsylvania, was indicted on March 29, 2017, by a federal grand jury for bank fraud.


According to United States Attorney Bruce D. Brandler, Ramm was a branch manager and loan officer at Commerce Bank (now known as First National Bank of Pennsylvania, successor to Metro Bank) between 2000 and 2010. The indictment alleges that between 2001 and 2007, Ramm defrauded Commerce Bank by using her position to fraudulently originate approximately seven loans totaling $379,900 for a customer she knew personally. It is alleged that each loan contained false information regarding the borrower and it is also alleged that Ramm converted a portion of the loan proceeds to her own benefit.


The case was investigated by the Federal Bureau of Investigation with the assistance of the financial institution’s security and investigations staff. Assistant U.S. Attorney James T. Clancy is prosecuting the case.


Indictments and Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.


A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.


The maximum penalty under federal law for the bank fraud charge is 30 years of imprisonment, a term of supervised release following imprisonment, and a fine. Under the Federal Sentencing Guidelines, the Judge is also required to consider and weigh a number of factors, including the nature, circumstances and seriousness of the offense; the history and characteristics of the defendant; and the need to punish the defendant, protect the public and provide for the defendant's educational, vocational and medical needs. For these reasons, the statutory maximum penalty for the offense is not an accurate indicator of the potential sentence for a specific defendant.


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Updated March 30, 2017

Financial Fraud