Woman admits role in large bank fraud

NEWARK— A 57-year-old Middletown woman Wednesday admitted taking part in a scheme to defraud a bank and bank regulators, the U.S Attorney’s Office said in a statement.

Donna Conroy pleaded guilty one count of conspiring to make false entries to deceive a bank and bank regulators and one count of making false entries.

The multi-part scheme took place from 2009 to 2010, initially involving a fraudulent infusion of $7 million in cash into a bank, then to arrange for loans against the cash. Those involved also lied to the bank and to the Federal Deposit Insurance Corp to cover sustain the fraud.

Conroy …read more

Source: NJ.com Monmouth

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