Former bank president indicted for bank fraud
PLYMOUTH (WITI) -- David Langemak -- formerly of Plymouth, and former bank president of Community Bank and Trust in Plymouth has been federally indicted for 18 counts of bank fraud.
The indictment alleges that Langemak, while employed as president of CB&T made unauthorized withdrawals which totaled approximately $250,000 from the accounts of various bank customers for the benefit of a single unrelated bank customer.
The case was investigated by the Federal Deposit Insurance Corporation, Office of the Inspector General, the Federal Bureau of Investigation, and the Small Business Administration, Office of the Inspector General. The case is being prosecuted by Assistant United States Attorney Carol L. Kraft.
If convicted, Landemak faces a maximum of 30 years in prison and a $1,000,000 fine on each count.