A jury trial is set to begin next week for an Oklahoma woman who allegedly stole more than $ 800,000 from five credit unions and five banks in the past five years.
Pamela Kathryn Conley, 59, of Catoosa, Oklahoma, has been charged with 24 counts of bank fraud and three counts of aggravated identity theft, according to a second replacement indictment filed in the month last by federal prosecutors in the US District Court for the North District. from Oklahoma to Tulsa.
From September 2016 to August 2021, Conley allegedly implemented a scheme to submit false income and employment information on loan applications to all 10 financial institutions.
According to federal prosecutors, Conley falsified tax returns she provided to financial institutions as proof of income reflecting that she held positions such as chief executive officer and chief financial officer and earned a salary of $ 200,000 or more per year at CFS2, a Tulsa-based company that helps consumers get rid of their debt.
Although she worked at CFS2, she was fired in 2014 and never earned more than $ 60,000, according to prosecutors.
Additionally, Conley’s scheme allegedly included securing some of the loans with automobiles and boats as collateral.
The indictment alleged that on occasion, when loans were secured by collateral, Conley created fictitious lien discharges for the collateral, using the notarized signatures of unwitting employees of the financial institution.
According to court records, Conley then caused the bogus lien releases that were filed with the Oklahoma Tax Commission, which in turn provided him with collateral, free and cleared of lien. Conley would then approach new lenders for loans backed by collateral she did not freely own, prosecutors said.
According to the second indictment, Conley’s alleged scheme victimized $ 33.1 million First Oklahoma Federal Credit Union in Tulsa, Oklahoma Central Credit Union $ 698 million in Tulsa, Red Crown Credit Union $ 264 million in Tulsa, the $ 5.6 billion Tinker Federal Credit Union in Tulsa Oklahoma City, and the $ 197 million Western Sun Federal Credit Union in Broken Arrow. She also victimized First Pryority Bank, Equity Bank, Yorktown Bank, Spirit Bank and Grand Savings Bank.
Conley allegedly used the $ 800,000 she stole for personal expenses such as clothing, food and shelter.