U.S. Attorney for the Eastern District of Oklahoma Mark Green announced Wednesday that Richard Paul Geurin has been indicted by a federal grand jury in Muskogee on five charges: bank theft, embezzlement and misapplication, false entry in the books of a federally insured bank, bank fraud and forfeiture.
Geurin, who served as an officer of First Bank and Trust of Duncan’s Ardmore location, is accused of committing the crimes between Feb. 3, 2011, until on or about Feb. 24 of this year. The indictment alleges Geurin “with intent to injure and defraud the said First Bank & Trust of Duncan, Oklahoma, willfully misapplied, embezzled, abstracted, and purloined more than $1,000.00 of the moneys, funds, assets or securities entrusted to the custody or care of First Bank & Trust of Duncan, Oklahoma, in that the defendant withdrew cash from the accounts of certain bank customers and misapplied, embezzled, abstracted and purloined the funds for his own use or benefit with the intent to deceive an officer of First Bank & Trust of Duncan, Oklahoma.” In addition, the indictment accuses the longtime Ardmore resident of knowingly making “false entries in the books, reports, or statements of First Bank & Trust of Duncan, Oklahoma,” and creating “false transaction documents showing customers withdrawing cash from customer accounts, when in truth and in fact, as the defendant well knew, the withdrawals from customer accounts were by and for the benefit of the defendant.”
The charges are based on an investigation by the Federal Bureau of Investigation which began in February. At the time, rumors circulated Geurin had been escorted from his office and was removed from his position.
Multiple attempts Wednesday to speak with Glen Jones, Carter County president of First Bank & Trust of Duncan, concerning the federal indictment against Geurin, were unsuccessful.
If convicted, Geurin faces up to 30 years in a federal prison and/or a fine of up to $1 million.