Bank executive, former OU punter pleads guilty in bank fraud case

[TexasTowelie]

Two brothers, both punters at the University of Oklahoma who went on to find careers in finance, have now pleaded guilty to bank-related fraud and embezzlement charges.

Blake Brian Ferguson, 36, entered guilty pleas Monday to all four counts in a criminal information filed Sept. 19, by the U.S. Attorney’s office in Tulsa.

Ferguson, a senior vice president of Firstar Bank, N.A., faced three counts of bank fraud and one count of conducting an unlawful monetary transaction stemming from conduct that allegedly occurred between January 2013 and September 2015.

His brother, former Firstar Bank President Jeffrey Scott Ferguson, pleaded guilty earlier to federal felony charges.

Federal prosecutors had charged Blake Ferguson with using his position at the bank to fraudulently use funds from customer accounts and the bank to pay gambling debts. In his plea agreement with prosecutors, Blake Ferguson admitted the loss totaled $582,810, although all but $144,160 has already been repaid, records show.

Read more: http://www.tulsaworld.com/news/courts/bank-executive-former-ou-punter-pleads-guilty-in-bank-fraud/article_66ac6d80-d848-5566-8580-a0be22dc1a5b.html