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Former Police Chief & Prosecutor Indicted for Bank Fraud

The couple allegedly bilked an estimated $4 million that victimized two credit unions and three banks.

By Peter Strozniak | Updated on October 24, 2017

A former police chief and his former prosecutor wife allegedly carried out a $4 million fraudulent mortgage, refinancing and line of credit scheme victimized two credit unions and three banks.

Federal prosecutors indicted former Honolulu Police Chief Louis Kealoha and his wife, Katherine Kealoha, a former supervisor attorney for the Honolulu prosecutor’s office, last week with 20 counts of bank fraud, criminal conspiracy, obstruction of justice, making false statements to a federal officer and aggravated ID theft.

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