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Altus OK Banker and Partner Indicted and Convicted

Re: Former Altus Bank President (Paul H. Doughty) and Altus Business Partner (Fred. Don Anderson) Indictment and Trial


Indictment, June 1, 2015, Case 5:15-cr-00085.

Department of Justice, U.S. Attorney’s Office, Western District of Oklahoma, June 1 2015

Indictment Unsealed Charging Former Altus Bank President (Paul H. Doughty) and Altus Business Partner (Fred. Don Anderson) with Bank Fraud, June 1 2015. U.S. Attorney Sanford C. Coats. Link

These charges are the result of an investigation conducted by the Federal Bureau of Investigation and the Federal Deposit Insurance Corporation - Office of Inspector General. The case is being prosecuted by Assistant U.S. Attorneys Chris M. Stephens and K. McKenzie Anderson.


Trial and Conviction, June 1 2016, Case 5:15-cr-00085.

Department of Justice, U.S. Attorney’s Office, Western District of Oklahoma, June 1, 2016, Case 5:15-cr-00085. U.S. Attorney (Acting) Mark A. Yancey. Link

Former Altus Bank President (Paul H. Doughty) Sentenced to Four Years in Federal Prison for Bank Fraud and Ordered to Pay $10 Million in Restitution to FDIC

Altus Business Partner(Fred. Don Anderson) also Sentenced to 18 Months in Prison for Bank Fraud Conspiracy.

Trial Assistant U.S. Attorneys, Chris M. Stephens and K. McKenzie Anderson

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