๐๐ -๐๐ฎ๐ป๐ธ๐ฒ๐ฟ ๐๐ฎ๐ถ๐น๐ฒ๐ฑ & ๐๐ฎ๐ป๐ป๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฒ๐ฎ๐น๐ถ๐ป๐ด $๐ฏ.๐ฐ๐ ๐ณ๐ฟ๐ผ๐บ ๐๐น๐ถ๐ฒ๐ป๐ ๐๐ฐ๐ฐ๐ผ๐๐ป๐๐
A former private banker has been banned for life and sent to prison after stealing over $3.4 million from customer accounts over three years.
๐ฆ Who?
William Shane Garrow, ex-SVP of Private Banking at BOK Financial in Tulsa, Oklahoma.
๐ What Happened?
Between March 2021 and March 2024, Garrow secretly took money from at least 16 different client accounts. He moved funds using fraudulent wire transfers and cashierโs checks into accounts he controlled โ without the customers knowing.
When clients questioned missing money, Garrow would blame bank errors or even use money from another victimโs account to cover it up.
โ๏ธ What Did He Get?
71 months in prison (almost 6 years)
Ordered to repay $3.86 million in restitution
Must pay $1.5 million to the IRS for tax fraud
Banned for life from working at banks or credit unions, says the OCC (Office of the Comptroller of the Currency)
๐งพ How Did He Get Caught?
The OCC says he violated federal law and banking rules, causing major damage to the bank. He has now pleaded guilty to bank fraud and filing a false tax return.
๐ข A U.S. attorney described it as a long-running criminal scheme, not a mistake. โGarrow abused the trust of the bank and its clients,โ they said.
