Opinion ID: 741804
Heading Depth: 3
Heading Rank: 1

Heading: Fraudulent Bank Transactions

Text: 40 Pyatt and Atterberry challenge the evidence supporting their conviction for engaging in fraudulent bank transactions, in violation of 18 U.S.C. § 1005. A defendant violates § 1005 if he or she with intent to defraud ... participates or shares in or receives (directly or indirectly) any money ... through any transaction with a financial institution. The evidence showed that Pyatt and Atterberry received more than $3 million in profit from the FWMC loan sales and a sizable share of the proceeds from FNF-SD's collections on the charged-off loans. Van Brocklin received nearly $1 million in payments from these sales, and allowed FNF to purchase a portion of the FWMC portfolio when it was committed to buying the entire package, enabling FNF to resell those loans at a substantial profit. A reasonable jury could conclude that the defendants received money from the loan sales as part of an intent to defraud the bank, and we affirm these convictions.