NEWARK- A Middletown woman on May 17 admitted her role in a
scheme to defraud a bank and bank regulators, Acting U.S. Attorney William E. Fitzpatrick announced.
According to a press release from the United States Attorney District of New Jersey, Donna Conroy, 57, pleaded guilty before U.S. District Judge Kevin McNulty in Newark federal court to an information charging her with one count of
conspiring to make false entries to deceive a bank and bank regulators, and to influence those regulators, and one count of making false entries.
The press release also stated that the conspiracy count to which Conroy pleaded guilty carries a maximum potential penalty of five years in prison and a fine of $250,000, or twice the gross pecuniary gain derived from the offense or twice the gross loss sustained by any victim.
According to the press release, the count of making false entries carries a maximum potential penalty of 30 years in prison and a fine of $1 million or twice the gross pecuniary gain derived from the offense or twice the gross loss sustained by any victim. Sentencing is scheduled for Aug. 24, 2017.