WASHINGTON, Aug. 21 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
SACRAMENTO, Calif. - Thomas Emil Eide, 51, formerly of South Lake Tahoe, pleaded guilty to bank fraud conspiracy, in which he used fake companies to defraud banks and harm consumers, U.S. Attorney Eric Grant announced.
According to court documents, Eide was the owner of CB Surety LLC (CB Surety). He and his co-conspirators agreed to defraud banks by opening accounts under fake companies and then making sham, small-dollar payments using those accounts and others. They recruited individuals to serve as straw owners for the fake companies and directed them to open these accounts. After, they arranged...