JUNE 2022:
A federal judge has determined the penalty for a Glenham man convicted of Bank Fraud.
43 year old Gabe Outtrim was sentenced to 21 months in federal prison, followed by five years of supervised release, restitution in the amount of $144,050.94, and a special assessment to the Federal Crime Victims Fund in the amount of $100.
The conviction stemmed from incidents beginning on approximately September 17, 2018, and continuing through February 21, 2019, when Outtrim, who was the branch manager and vice-president of the CorTrust Bank branch in Leola, knowingly executed a scheme to defraud the bank. In his capacity, Outtrim had lending authority to approve loans up to $200,000 without having to send the loan application and supporting documentation to the bank’s loan committee for review and approval. Outtrim made a nominee loan in the name of an unknowing bank customer and used the loan proceeds for his own benefit.
This case was investigated by the FBI.
Outtrim must self-surrender by October 4, 2022.
AUGUST 2021:
A man from, Glenham has been indicted by a federal grand jury for two counts of Bank Fraud.
Gabe Outtrim, age 42, pled not guilty.
The Indictment alleges that from approximately November 10, 2015, and continuing through March 20, 2019, and from approximately September 17, 2018, and continuing through February 21, 2019, Outtrim knowingly executed and attempted to execute a scheme and artifice to defraud CorTrust Bank, whose deposits were at the time insured by the Federal Deposit Insurance Corporation, and to obtain the money, funds, credits, assets, securities, and other property owned by, and under the custody and control of CorTrust Bank, by means of false or fraudulent pretenses, representations, and promises. Specifically, Outtrim was the bank manager and vice-president of the CorTrust Bank branch in Leola. In that capacity, he made two nominee loans in the name of an unknowing bank customer. Outtrim used the loan proceeds for his own benefit.
The maximum penalty upon conviction is up to 30 years in federal prison and/or a $1,000,000 fine, five years of supervised release, and up to $200 to the Federal Crime Victims Fund. Restitution may also be ordered.
The investigation is being conducted by the Federal Bureau of Investigation. Assistant U.S. Attorney Ann M. Hoffman is prosecuting the case.
Outtrim was released on bond pending trial which has been set for October 19, 2021.
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