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05/27/2025
Former bank exec admits stealing $2M in fraud scheme
MSN
EAST ST. LOUIS, Ill. — A former executive at the Bank of O’Fallon in Illinois admitted in court on Monday to obtaining more than $2 million through a fraud scheme.
According to the U.S. Attorney’s Office of the Southern District of Illinois, Andrew Blassie, 69, served as the bank’s executive vice president while he defrauded the bank in a check kite scheme between September 2023 and September 2024.
Blassie admitted in court that he falsely inflated the balance of his personal checking account at the Bank of O’Fallon by depositing checks he knew were not backed by sufficient funds.
He deposited the checks into four personal accounts at three other banks and one credit union into the Bank of O’Fallon account.
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