Woman Charged in $800,000 Theft From Oklahoma Credit Unions & Banks
Pamela Kathryn Conley faces a jury trial on 24 counts of bank fraud and three counts of aggravated identity theft.
A jury trial is expected to begin next week for an Oklahoma woman who allegedly stole more than $800,000 from five credit unions and five banks over the last five years.
Pamela Kathryn Conley, 59, of Catoosa, Okla., has been charged with 24 felony counts of bank fraud and three felony counts of aggravated identity theft, according to a second superseding indictment filed last month by federal prosecutors in U.S. District Court for the Northern District of Oklahoma in Tulsa.
From September 2016 to August 2021, Conley allegedly carried out a scheme that included submitting fake income and employment information on loan applications at the 10 financial institutions.
According to federal prosecutors, Conley forged earnings statements, which she provided to the financial institutions as proof of income and reflected that she held positions such as manager and CFO and made a salary of $200,000 or more annually at CFS2, a Tulsa-based company that helps consumers eliminate debt.
Although she worked at CFS2, she was fired in 2014 and never earned more than $60,000, according to prosecutors.
What’s more, 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 with collateral, Conley created fictitious lien releases for the collateral, using the notarized signature of unwitting financial institution employees.
According to court records, Conley then caused the bogus lien releases that were filed with the Oklahoma Tax Commission, which in turn provided her with titles to the collateral, free and clear of any liens. Conley would then approach new lenders to obtain loans secured by collateral she did not own free and clear, prosecutors said.
According to the second superseding indictment, Conley’s alleged scheme victimized the $33.1 million First Oklahoma Federal Credit Union in Tulsa, the $698 million Oklahoma Central Credit union in Tulsa, the $264 million Red Crown Credit Union in Tulsa, the $5.6 billion Tinker Federal Credit Union in 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 lodging.