PEORIA, Ill – A Peoria man will be sentenced after an alleged co-conspirator goes to trial on federal charges of Bank Fraud and Conspiracy to Commit Money Laundering.
Richard Weiss, 62, pleaded guilty Friday, according to federal court records.
The U.S. Attorney’s Office says Weiss, at the alleged direction of a Chad Campen, created false bank statements, tax returns, and other documents in order to deceive banks and other third parties – claiming a bank account held over $200,000 more than it actually had.
The fraud allegedly started in August of 2015 and continued until about January of 2022, defrauding several banks, including Community State Bank in the Henry County town of Galva.
Weiss could face fines and 30 or more years in prison, while Campen faces similar charges and will go to trial April eighth.
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