Financial Fraud: William Brian Mulder Charged With Defrauding Five Federally Insured Financial Institutions

<h2>Man Charged with Defrauding Banks and Investors of &dollar;5 Million<&sol;h2>&NewLine;<p>A Tulsa man was charged this week in U&period;S&period; District Court with defrauding five federally insured financial institutions and two investor families of more than &dollar;5 million dollars&comma; announced U&period;S&period; Attorney Trent Shores<&sol;p>&NewLine;<div class&equals;"mh-content-ad"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js&quest;client&equals;ca-pub-9162800720558968"&NewLine; crossorigin&equals;"anonymous"><&sol;script>&NewLine;<ins class&equals;"adsbygoogle"&NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;"&NewLine; data-ad-layout&equals;"in-article"&NewLine; data-ad-format&equals;"fluid"&NewLine; data-ad-client&equals;"ca-pub-9162800720558968"&NewLine; data-ad-slot&equals;"1081854981"><&sol;ins>&NewLine;<script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;div>&NewLine;<p>William Brian Mulder&comma; 61&comma; is charged with 26 counts of Bank Fraud&semi; 41 counts of Causing the Interstate Transmission of Moneys Taken by Fraud&comma; and five counts of Engaging in Unlawful Monetary Transactions&period;<&sol;p>&NewLine;<p>According to a superseding indictment returned by a grand jury&comma; Mulder is alleged to have repeatedly represented himself to banks and investors as a person of high net worth who owned and controlled assets that&comma; in fact&comma; did not exist&period; Mulder pledged these assets as collateral for loans and lines of credit that totaled approximately &dollar;4 million&period; Among the phony assets were life insurance policies that Mulder represented to have been worth hundreds of thousands of dollars&period;<&sol;p>&NewLine;<p>The superseding indictment also charged Mulder with having fraudulently obtained over &dollar;1 million from investors&period; Mulder allegedly told the investors that they could invest through his own family trust and also in specific ventures&comma; such as the financing of a doctor’s home that&comma; Mulder claimed&comma; was being built in the Joplin&comma; Missouri&comma; area&period; The superseding indictment alleges that&comma; in fact&comma; the purported investment opportunities were bogus and that Mulder used the investor funds for his own purposes&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The superseding indictment in the Mulder case touches upon two important aspects&period; First&comma; Mr&period; Mulder is alleged to have defrauded <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;amp&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"951">financial<&sol;a> institutions that are the mainstay of commercial activity in our communities&period; Second&comma; Mr&period; Mulder is alleged to have defrauded individuals who sought to invest in commercial ventures&comma;” said U&period;S&period; Attorney Trent Shores&period; &OpenCurlyDoubleQuote;Our next step is to hold this white collar criminal accountable in a court of law&comma; and we are prepared to do so&period;”<&sol;p>&NewLine;<p>The return of an indictment is a method of informing a defendant of alleged violations of federal law&comma; which must be proven in a court of law beyond a reasonable doubt to overcome a defendant’s presumption of innocence&period;<&sol;p>&NewLine;<p>Mulder faces a maximum penalty of 30 years in prison and fines of twice the amount of loss caused by his actions&comma; if convicted at trial&period;<&sol;p>&NewLine;<p>The FBI&comma; IRS-Criminal Investigation&comma; Department of Treasury-Office of Inspector General&comma; and Federal Deposit Insurance Corporation &lpar;FDIC&rpar;-Office of Inspector General are the investigative agencies&period; Assistant U&period;S&period; Attorney Kevin Leitch is prosecuting the case&period;<&sol;p>&NewLine;

Financial Fraud