PENNSYLVANIA -- (June 20, 2006) U. S. Attorney Mary Beth Buchanan announced today that Marcus Wiseman of Bethesda, Maryland, has been indicted by a federal grand jury in Pittsburgh, Pennsylvania on charges of Conspiracy, Wire Fraud, and Accepting Bribes by an Employee of a Financial Institution.
The ten-count indictment named Wiseman, age 35, of Bethesda, Maryland.
According to indictment presented to the Court, Wiseman, while employed at two different financial institutions, processed and approved loans for two other individuals when he knew that the loan applications contained false representations. In addition, the indictment alleges that Wiseman accepted payments from those two individuals related to the processing of these fraudulent loans.
Assistant United States Attorney Brendan T. Conway, who presented the case to the grand jury, indicated that the law provides for a maximum total sentence of two hundred and seventy-five years in prison, a fine of $9,250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.
The Federal Bureau of Investigation conducted the investigation leading to the indictment in this case.
An indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.
SOURCE: U.S. DEPARTMENT OF JUSTICE