This story appeared in Bank Digest.
The Office of the Special Inspector General for the Troubled Asset Relief Program has announced the indictment of Brenda Wood, Leavenworth, Kan., on Aug. 6, 2014, on five counts of bank fraud, one count of theft from an employee benefit program, and four counts of willful violations of the Employee Retirement Income Security Act. The indictment alleges that the crimes took place while Wood owned several businesses, including one in Kansas City, Mo.--Professional Cleaning and Innovative Building Services, Inc. (PCI)--and three in Bonner Springs, Kan.--Action Real Estate Services, LLC; G&W Investments, LLC; and Riverview Crossings, LLC. The indictment alleges that Wood obtained loans for herself and her companies through Farmers Bank in Overland Park, Kan., by making false representations and submitting falsified documents to the bank. Farmers Bank was a recipient of funds from the Troubled Asset Relief Program.