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The Daily Ardmoreite
  • Guerin pleads not guilty to 15 counts

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  • An Ardmore banker indicted by a federal grand jury a week ago made his first appearance in U.S. District Court Eastern District of Oklahoma Wednesday.
    Richard Guerin appeared for arraignment before Judge Steven P. Shreder. Guerin asked the judge for a court appointed attorney — a request that was granted. He also entered not guilty pleas to the 15 counts of the indictment which accuses him of defrauding First Bank & Trust.
    Shreder set Guerin’s case for trial on Sept. 30. In addition, the judge ordered the former Ardmore bank officer to announce any intent to enter pleas in the case by noon Sept. 19 before releasing him on a personal recognizance bond pending the outcome of the case.
    In total, the proceedings took 6 minutes.
    A grand jury returned the indictment against Guerin Aug. 13 alleging bank theft, embezzlement and misapplication, false entry in the books of a federally insured bank, bank fraud and forfeiture.
    The indictment was based on an investigation conducted by the FBI, which began in February. At the time the probe was launched Geurin was reportedly escorted from the bank and ordered not to return.
    If convicted he faces up to 30 years in prison and/or a fine of up to $1 million.

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