Ex-Bank Boss Hid Money To Skirt $4.5M Restitution, Feds Say

Law360, New York (March 12, 2012, 7:44 PM EDT) -- Prosecutors on Monday hit Ricky Dale Howard, the former president of First National Bank of Bowie, Texas, with a suit alleging he set up a trust to avoid payments on $4.5 million in criminal restitution for bank fraud.

In a suit filed in Texas federal court, prosecutors accused Howard and his wife Karla F. Howard of creating a trust, initially funded with $24,000, for their children in March 2006, just a few months before Howard’s guilty plea.

“Ricky Dale Howard created the TCJ trust and transferred...
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Case Information

Case Title

United States of America v. Howard et al


Case Number

7:12-cv-00039

Court

Texas Northern

Nature of Suit

Other Statutory Actions

Judge

Reed C O'Connor

Date Filed

March 12, 2012

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