Southlake, Texas, Man Convicted In Bank Fraud Conspiracy
Defendant Conspired With Former Vice-President of Pavillion Bank in Richardson, Texas
DALLAS — Late yesterday, following a two-day trial before U.S. District Judge Reed C. O’Connor, a federal jury convicted Jason Dvorin, 45, of Southlake, Texas, on a superseding indictment charging one count of conspiracy to commit bank fraud, announced U.S. Attorney Sarah R. Saldaña of the Northern District of Texas. Dvorin will remain on bond pending sentencing, which is set for July 11, 2013 before Judge O’Connor. Dvorin faces a maximum penalty of 30 years in federal prison, a $1 million fine and restitution.
The government presented evidence at trial that Dvorin entered into an agreement with Chris Derrington, the vice president of Pavillion Bank, located on West Campbell Road in Richardson, Texas, to deposit worthless checks in return for immediate access to the bank’s funds. Dvorin would bring in worthless credit card checks, or checks drawn on a closed account, and present them to Derrington for deposit. Knowing the checks were worthless, Derrington gave Dvorin immediate access to the bank’s funds. As soon as one worthless check was returned, Dvorin would deposit another worthless check. This pattern continued over the course of five years and resulted in 224 fraudulent deposits by Dvorin and the Derrington. By the time the scheme was uncovered, Pavillion bank sustained a loss in excess of $300,000.
Derrington, 61 of Dallas, was charged in a separate case with the same offense and pleaded guilty to that charge in May 2012. His sentencing date is presently set for February 28, 2013.
Today’s announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ offices and state and local partners, it’s the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state and local authorities; addressing discrimination in the lending and financial markets and conducting outreach to the public, victims, financial institutions and other organizations. Over the past three fiscal years, the Justice Department has filed more than 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,700 mortgage fraud defendants. For more information on the task force, visit http://www.stopfraud.gov/.
The cases were investigated by the FBI and the FDIC Office of Inspector General. Assistant U.S. Attorneys Mindy Sauter and Michael Elliott are in charge of the prosecutions.