Described as a "Jekyll and Hyde:" Former Bank VP Sentenced to 12 Years in Prison on Bank Fraud, Arson
BENTON – A former vice president and loan officer for Community First Bank of the Heartland in Mount Vernon who committed bank fraud and multiple arsons was sentenced in federal court in Benton on Thursday to 12 years in prison. Richard Pigg, 53, previously pleaded guilty in April to six counts of bank fraud and three counts of arson. The defendant currently resides in Texas, but he lived in Mount Vernon, Illinois, at the time of the charged conduct from May 2011 to December 2016. During his hearing, the sentencing judge described Pigg as a “Jekyll and Hyde” who destroyed people’s lives with his horrific fraud. Pigg had relied on letters of support citing his good works, but the judge told Pigg that this was like a man who robs a bank, gives some of money to a homeless shelter, then burns the homeless shelter down and wants credit for donating to the homeless shelter. "For more than half a decade, Richard Pigg abused his position of trust to defraud his bank,