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TAX PREPARER PLEADS GUILTY TO MAKING FALSE STATEMENT TO ATTLEBORO BANK

TAX PREPARER PLEADS GUILTY TO MAKING FALSE STATEMENT TO ATTLEBORO BANK
 BOSTON, Oct. 30 /PRNewswire/ -- A. John Pappalardo, U.S. Attorney for the District of Massachusetts, and Margaret R. Hinkle, director of the New England Bank Fraud Task Force, announced today that Richard H. Darnell, 33, of North Attleboro, Mass., pleaded guilty to an information charging him with making a false statement to a federally insured financial institution.
 At the plea hearing before U.S. District Judge Edward F. Harrington, a federal prosecutor stated that Darnell is the owner of Tri-State Tax Service, Inc. of North Attleboro. The prosecutor stated that in August 1987, Darnell prepared a false tax return for a loan applicant to use in obtaining a bank loan. The tax return exaggerated the applicant's income. The applicant used the false tax return to obtain a $645,000 commercial loan in December 1987, from Attleboro Savings Bank, a predecessor of Attleboro Pawtucket Savings Bank. Attleboro Pawtucket Savings Bank failed in August 1992.
 The prosecutor stated at the hearing that Darnell is cooperating in the continuing investigation of loans fraudulently obtained from Attleboro Savings Bank and other lenders. Judge Harrington scheduled sentencing for Dec. 28, 1992. Darnell faces a maximum sentence of two years' imprisonment and a $250,000 fine.
 The charges against Darnell are part of a continuing investigation being conducted by the New England Bank Fraud Task Force. The Task Force was established in 1991 as part of the Justice Department's ongoing campaign to combat fraud against federally insured financial institutions. Members of the Task Force include the United States Attorneys' Offices for each of the six New England states; the Fraud Section of the Department's Criminal Division; the Civil and Tax Divisions; the Federal Bureau of Investigation, the Internal Revenue Service, and the Secret Service.
 The case was investigated by special agents of the Federal Bureau of Investigation and prosecuted by James P. Gillis, a trial attorney assigned to the New England Bank Fraud Task Force.
 -0- 10/30/92
 /CONTACT: Press Officer, U.S. Attorney's Office, 617-223-9445/ CO: ST: Massachusetts IN: SU:


CN -- NE015 -- 7372 10/30/92 18:05 EST
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Publication:PR Newswire
Date:Oct 30, 1992
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