Mustang Woman Pleads Guilty to Making False Statement in Connection with The Bank of Union Failure
Oklahoma City, Oklahoma – GWENDOLYN VAN HORN, 44, of Mustang, Oklahoma, pleaded guilty this week for submitting a falsified document to The Bank of Union, announced Mark A. Yancey, United States Attorney for the Western District of Oklahoma.
On November 1, 2016, a federal grand jury returned a two-count indictment charging Van Horn with making false statements to a federally-insured bank. At the change of plea hearing yesterday, Van Horn admitted that she submitted a fabricated letter to J.S., her loan officer at The Bank of Union, which falsely represented that Van Horn was to receive an inheritance distribution of approximately $3,000,000.00, in order to ensure her ongoing relationship with The Bank of Union.
At sentencing, Van Horn faces up to 30 years in prison, a $1,000,000 fine, and up to five years of supervised release. Per the terms of her plea agreements, Van Horn will also be ordered to pay restitution to the victim of her conduct in an amount to be determined by the court at the time of sentencing.
This case is the result of an investigation by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Julia E. Barry.