Former Bank Of O'Fallon Executive Indicted In $2 Million Fraud Case
EAST ST. LOUIS – Andrew P. Blassie, the former Executive Vice President of the Bank of O’Fallon, has been indicted by a federal grand jury on charges of bank fraud and interstate transportation of funds obtained by fraud, totaling more than $2 million. The indictment alleges that Blassie, 69, engaged in a check kiting scheme during his tenure at the bank, which lasted from September 2023 to September 2024. According to the charges, Blassie is accused of inflating the balance of his personal checking account by depositing checks from accounts with insufficient funds at other banks and a credit union. This fraudulent activity reportedly allowed him to misappropriate nearly $2.7 million for personal expenses, using funds that belonged to the Bank of O’Fallon. U.S. Attorney Steven D. Weinhoeft emphasized the importance of fiduciary responsibility among bank officials, and said, “Senior bank officials must act as fiduciaries, not felons — they must serve th
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