Wednesday, August 20, 2008

George Pleads Guilty On Bank Fraud!

This article ran in the Louisville Courier Journal on Tuesday August 19, 2008 Written By Andrew Wolfson.
A former Louisville businessman and educator who's charged with bigamy in Florida has pleaded guilty in federal court in Louisville to bank fraud for providing phony certificates of deposit as collateral for nearly $850,000 in loans.
George W. Dumstorf Jr., of Spring Hill, Fla., admitted yesterday that he defrauded Stock Yards Bank & Trust Co. between 2001 and 2006.
He could receive up to 30 years in prison and a $1 million fine when he's sentenced Nov. 10.
The Courier-Journal reported in January about how Dumstorf had juggled three wives and a girlfriend over 20 years in what prosecutors called "a scheme to court single ladies ... and make money off of them."
He is scheduled to be tried in Bay County, Fla., on Sept. 23 on a charge of bigamy for being married to two women at once.
He has pleaded not guilty.
To explain his frequent absences, he told the women -- who did not know each other -- that he had a secret job with NASA, that he was an Air Force general and that he worked for the CIA.
None of it was true, the newspaper reported.
Dumstorf worked at what was then Bellarmine College from 1965 to 1973 in a variety of posts, including assistant night school dean.
The indictment in U.S. District Court in Louisville alleged that Dumstorf got an $850,000 loan in 2005 by presenting two counterfeit certificates purportedly issued by the Defense Department.
That loan consolidated a number of previous loans that also were secured by fake CDs supposedly issued by the Kennedy Space Center Federal Credit Union.

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