Business Services Industry
Former President to Fort Worth, Texas-Based Bank Guilty of Conspiracy.
Knight Ridder/Tribune Business News, June, 2002
By Trebor Banstetter, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Jun. 30--The former president of Surety Capital has pleaded guilty to a conspiracy charge for artificially inflating revenue by nearly $3 million over four years.
From 1996 to 1999, G. Matthias Heinzelmann III shifted money from some customers' accounts to prop up bad loans, which kept the bank from having to absorb the losses, according to the U.S. attorney for the Northern District of Texas. He faces fines and up to five years in prison on one count of conspiracy to make false entries in the books and records of a bank.
Heinzelmann entered into a plea agreement with the U.S. attorney and will be sentenced Sept. 6. He was released on bail until...
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