Feds: Hardin County attorney sentenced for bank fraud
Beaumont - From U.S. Attorney's Office
A 40-year-old Silsbee, Texas lawyer has been sentenced to federal prison for bank fraud in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.
Matthew Taylor Morones pleaded guilty on Sep. 6, 2012 to bank fraud and was sentenced to 24 months in federal prison today by U.S. District Judge Ron Clark.
According to information presented in court, on Dec. 21, 2005, Morones was appointed as the receiver for the Indian Paintbrush Development (IPD). At that time, the organization had approximately $365,000 in its bank accounts, held at two different financial institutions. From May to July 2007, Morones used the money from IPD's account to purchase six certificates of deposit (CDs) from Guaranty Bank totaling $365,000. On July 30, 2007, Morones obtained a $90,000 loan from Guaranty Bank, which was used to purchase a home. Morones used one of the CDs purchased with IPD's money as collateral to obtain the loan. Morones was indicted by a federal grand jury on Mar. 21, 2012.
Morones has already paid back over $200,000.00. He was ordered today to pay the remaining restitution in the amount of $165,000.00.
his case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Christopher T. Tortorice.Feds: Hardin County attorney sentenced for bank fraud
[an error occurred while processing this directive]
WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 -- Companies that pride themselves on being eco-friendly may have conflicted ideas between marketing with ad specialties and maintaining their green reputation. ...
Pope Benedict XVI put Catholic Church leaders on notice Thursday, saying social networking sites like Facebook and Twitter aren't a virtual world they can ignore, but rather a very real world they must engage if they want to spread the faith to the next generation.
Christian Singer Coffey Anderson was in for a surprise when he performed at a New Years Eve concert in Irving, Texas. As he was smack-dab in the middle of a song, his young son stormed the stage and began dancing feverishly. The crowd, naturally, loved it.
KFDM provides local news, weather, sports, notices of events and items of interest in the community for Beaumont, Texas and nearby towns and communities in Southeast Texas, including Port Arthur, Orange, Vidor, Lumberton, Kountze, Silsbee, Woodville, Newton, Jasper, Nederland, Port Neches, Groves, Colmesneil, Bridge City, Orangefield, Crystal Beach, High Island, Sabine Pass, Hamshire, Fannett, Nome, China, Kirbyville, Buna, Sour Lake and Winnie.