By Lauren Berg (Oct 8, 2021, 9:32 p.m. EDT) – A Ninth Circuit Divided Friday quashed conspiracy and fraud charges against two former Oregon bank executives accused of defrauding the financial institution, dismissing two of the government’s three theories of what property interests the bank has lost.
In a 33-page opinion, the majority of the two judges overturned the convictions of Dan Heine and Diana Yates for conspiring to commit bank fraud and false bank entries at the Bank of Oswego, claiming that the theories of federal prosecutors that the couple had deprived the database of accurate information in their records and their salaries and bonuses did not hold.
“There is no recognizable property interest in ‘the …
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