Man Pleads Guilty for Bank Fraud
Man Pleads Guilty for Bank Fraud Save Email Print

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Thursday, July 31, 2008 --- 8:25 a.m.

According to a news release from the United States Attorney:

Erik C. Peterson, United States Attorney for the Western District of Wisconsin, announced that Dennis O. Said, 62, of Blanchardville, Wis.,
pleaded guilty yesterday in U.S. District Court in Madison to bank fraud charges.

Chief U.S. District Judge Barbara B. Crabb scheduled sentencing for October 23, 2008. Said faces a maximum penalty of 40 years in prison, a $1,250,000 fine, and a restitution order.

Said, who formerly operated a used car business in Blanchardville known as Trucks-4-U, pleaded guilty to engaging in a scheme with Mark R. Hardyman, former President of the First National Bank of Blanchardville, to defraud the First National Bank of Blanchardville(FNBB). In furtherance of the scheme, Said deposited approximately $15,000,000 worth of either NSF or closed account credit card checks into his accounts at FNBB for the purpose of fraudulently reducing substantial overdrafts in the accounts.

As a result of the scheme to defraud, Said received approximately $6,132,000 in fraudulently obtained loans from FNBB and thereafter defaulted on the loans causing a loss to FNBB of approximately $3,788,000. FNBB lost an additional $250,000 resulting from overdraft Said accounts when FNBB was closed by the Office of the Comptroller of Currency.

The charge against Dennis O. Said was the result of an investigation conducted by the Madison Resident Agency of the Federal Bureau of Investigation, the Office of Inspector General for the Federal Deposit Insurance Corporation, the Criminal Investigation Division of the Internal Revenue Service, and the Office of the Inspector General for the U.S. Department of Agriculture. The prosecution of the case has been
handled by Assistant U.S. Attorney Grant C. Johnson.

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Posted by: Anonymous on Jul 31, 2008 at 05:58 PM
Wow Anonymous you're really ticked off!! I hate to disappoint you though. Unless J.B. personally has relation directly helping this patient, I don't think there is much to go on.

Posted by: Anonymous on Jul 31, 2008 at 10:27 AM
I guess you can send an e-mail to the "IM THE WEB PRODUCER" and if you say something that ABBY does not approve of, she shuts off the link. I asked twice why a nurse, who neglected a patient who had bed sores and who eventually died from the infection, did not get a more sever punishment. The nurses aids who (hopefully) helped him to the toilet ever 4 hours, and the supervising staff, who were charting and responsible for the charts were never charged. I believe this was a case of severe abuse of the elderly that was virtually sweapt under the rug by van hollen.

Posted by: Shorty Location: Madison on Jul 31, 2008 at 09:15 AM
Oh yes, how terrible! And for the next 1-40 years he'll have to decide how he wants to spend his day of pennance, playing tennis or golf at the minimum security white collar federal country club prison they send him too! Oh well, at least he'll have the perfect job went from laundering money to washing balls on the golf course!

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