Borrower at Failed Lindsay Bank Admits Fraud, Money Laundering

Borrower at failed Lindsay bank admits fraud, money laundering

OKLAHOMA CITY, OK — The co-conspirator in a fraud scheme that led to the collapse of a bank in Lindsay pleaded guilty Thursday in federal district court here to two felony counts.

Lindsay man pleads guilty to bank fraud and money laundering

Shaun Christian, 57, of Lindsay, Oklahoma, has pleaded guilty to conspiring to commit bank fraud and to money laundering in connection with the now-defunct First National Bank of Lindsay (FNBL), according to an announcement Friday by U.S. Attorney Robert J. Troester.

Lindsay man pleads guilty to bank fraud and money laundering in failed bank

Shaun U. Christian, 57, of Lindsay, has pleaded guilty to conspiring to commit bank fraud and to money laundering in connection with the now-defunct First National Bank of Lindsay (FNBL).That’s the word from U.S. Attorney Robert J. Troester.According to court documents, Christian and FNBL’s former president and CEO, Danny Seibel, submitted false information in connection with multiple loans in 2021.Court records allege that Seibel also manipulat…