Chicago, IL-(ENEWSPF)- A former suburban bank vice president pleaded guilty today to federal fraud charges, admitting that he changed the terms of at least 100 loans for at least 50 customers and caused the bank to lose at least $5.5 million. Jeffrey Gonsiewski, formerly vice president of the loan department at First Security Trust and savings Bank in Elmwood Park, altered loan documents to make it appear that customers’ payments were current when he knew they were actually overdue, which prevented the bank from taking timely action to collect delinquent loans and protect its assets.
