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Former Cecil Bank President Sentenced To Two Years In Federal Prison For Bank Fraud

Former President and CEO of Cecil Bank, Mary Beyer Halsey, was sentenced in Maryland to two years in federal prison and five years supervised release for a bank fraud conspiracy, receiving a bribe, and making false statements in bank records. She orchestrated the straw purchase of a foreclosed property for her own benefit, causing a loss to the bank of approximately $145,000.

Press Releases

Settlement with NationStar Mortgage, LLC for Unlawful Servicing Practices
- Press Release (December 7, 2020)
Indiana Couple Charged with Defrauding Hardest Hit Fund
- Press Release (December 3, 2020)
Former Cecil Bank President Sentenced To Two Years In Federal Prison For Bank Fraud
- Press Release (November 6, 2020)
SIGTARP Issues Semi-Annual Report
- Press Release (October 30, 2020)
Man Charged with Defrauding Mortgage Assistance Program
- Press Release (October 23, 2020)
SIGTARP Receives Award for Excellence
- Press Release (October 16, 2020)
Four Charged with Stealing from Housing Assistance Program
- Press Release (October 14, 2020)
Two Hardest Hit Fund Recipients Charged with Stealing Troubled Asset Relief Program Housing Assistance
- Press Release (August 25, 2020)
Former Ohio Couple Plead Guilty to Defrauding Mortgage Assistance Program
- Press Release (August 19, 2020)
Two California Men Sentenced for Roles in Loan Modification Scam that Caused $3.5 Million in Losses to Distressed Homeowners
- Press Release (August 5, 2020)
Former President and CEO of Cecil Bank Pleads Guilty to Federal Charges in Maryland of Bank Fraud Conspiracy, Receiving a Bribe, and Making False Statements in Bank Records
- Press Release (July 31, 2020)
California Man Sentenced for Embezzling Housing Assistance Program Funds
- Press Release (July 28, 2020)
SIGTARP Recommends Treasury Put To Better Use Unspent Funds In Tarp To Enhance Existing Unemployment Mortgage Assistance Through Hardest Hit Fund In Light Of Recent Significant Unemployment
- Press Release (April 15, 2020)
City of Detroit Office of Inspector General Debars Former City Contractor Environmental Specialty Services Inc. and Richard Berg for Bribery Including in Connection with TARP's Hardest Hit Fund
- Press Release (April 8, 2020)
Demolition-Related Risks in TARP-Funded Blight Program Mitigated Through Michigan State Agency’s Implementation of SIGTARP Recommendations
- Press Release (March 19, 2020)
Former TARP Banker Sentenced to Five Years in Prison and Ordered to Pay $23.5 Million in Restitution
- Press Release (February 28, 2020)
Former President of Cecil Bank Facing Federal Indictment for a Bank Fraud Conspiracy, Receiving a Bribe, and Making False Statements in Bank Records and to Bank Examiners
- Press Release (February 20, 2020)
Two Blight Elimination Program Indictments Unsealed
- Press Release (February 20, 2020)
SIGTARP Launches Financial Institution Crimes & Fines Database
- Press Release (December 18, 2019)
Hardest Hit Fund Recipient Pleads Guilty to Embezzling Housing Assistance
- Press Release (December 2, 2019)
SIGTARP Receives Award of Excellence for Investigation of $300 Million TARP Recipient Wilmington Trust
- Press Release (October 15, 2019)
Former Bank Executive Pleads Guilty to Fraud Related to Failed Country Bank
- Press Release (October 10, 2019)
Former City of Detroit Building Authority Official Sentenced for Bribery Conspiracy in Connection with the Hardest Hit Fund's Detroit Demolition Program
- Press Release (September 23, 2019)
Former Executive at Adamo Group Sentenced for Conspiracy to Commit Honest Services Fraud in Connection With the Detroit Demolition Program
- Press Release (September 10, 2019)
Former Physician Sentenced to Two and a Half Years in Prison for Making a False Statement to a Financial Institution
- Press Release (June 3, 2019)
Bank CEO Arrested for Taking Bribes in Connection With Loans Guaranteed by the Small Business Administration
- Press Release (May 29, 2019)
Ex-Mirae Bank Executive Sentence to More Than Five Years in Prison for Loan Fraud That Caused Large Losses to Bank
- Press Release (May 20, 2019)
Man Pleads Guilty To TARP Homeowner Relief Fraud
- Press Release (May 7, 2019)
Man Pleads Guilty to Federal Charges for $3.5 Million Bank Fraud Scheme
- Press Release (April 26, 2019)
Former City of Detroit Building Authority Official and Former Executive at Adamo Group Plead Guilty to Bribery Conspiracy in Connection With the Detroit Demolition Program
- Press Release (April 9, 2019)
Violating Federal Cost Regulations, State Housing Agencies Charged More Than $400,000 in Prohibited Travel and Conference Costs to the Hardest Hit Fund
- Press Release (March 7, 2019)
Bank Officer Sentenced to Two Years in Prison for Fraud
- Press Release (February 14, 2019)
Branch Manager for East West Bank Sentenced to Two Years in Federal Prison for Money Laundering Scheme
- Press Release (February 4, 2019)
Court Sentences Former Wilmington Trust Chief Credit Officer and Controller to Prison
- Press Release (December 19, 2018)
Remarks by Special Inspector General Goldsmith Romero on the Wilmington Trust Sentencings
- Press Statement (December 17, 2018)
Man Sentenced to Prison for Multimillion Dollar Life Insurance Scheme
- Press Release (December 3, 2018)
Land Bank Employee Indicted for Soliciting and Accepting Improvements to His Property in Return for Assisting a Demolition Company Get Contracts
- Press Release (November 26, 2018)
Banker Sentenced, Banned from Banking
- Press Release (November 20, 2018)
Former Bank CEO, Financier and Business Owner Indicted for Regulatory and Bank Fraud
- Press Release (October 30, 2018)
SIGTARP Recognized for Excellence in Investigations and Audit
- Press Release (October 17, 2018)
Conman Sentenced to 10 Years in Federal Prison in Fraud Scheme that Cost Victims Nearly Two Million
- Press Release (October 16, 2018)
Settlement with Martin Enterprises, Inc. and its Surety for Submitting False Claims
- Press Release (October 5, 2018)
Bank Branch Manager and Bank Customer Convicted of Conspiracy to Commit Money Laundering at East West Bank
- Press Release (October 2, 2018)
Two Sentenced in Bank Fraud Scheme
- Press Release (September 11, 2018)
Banker Shaun Hayes Sentenced to 68 Months in Prison
- Press Release (May 29, 2018)
Defendant in Excel Bank Case Sentenced to Three Years in Prison
- Press Release (May 14, 2018)
Former Wilmington Trust Executives Convicted
- Press Statement (May 4, 2018)
Former Credit Union CEO & President Charged with Embezzlement
- Press Release (April 20, 2018)
Most of the $9.6 Billion Hardest Hit Fund Has No Federal Competition Requirements for Contract Awards
- Press Release (March 8, 2018)
Third Defendant in Excel Bank Case Convicted
- Press Release (January 17, 2018)
Banker Shaun Hayes Pleads Guilty
- Press Release (January 4, 2018)
Letter from the Special Inspector General
- Press Release (July 30, 2020)

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