NewsCrime Watch


Ex-Stockman Bank lender sentenced for defrauding customers of nearly $200K

Court News Graphic
Posted at 4:52 PM, Jan 30, 2020
and last updated 2020-01-30 21:03:48-05

A former Stockman Bank commercial loan assistant was sentenced Thursday in federal court to nearly five years in prison and ordered to pay back nearly $200,000 for stealing from two customers, including a mentally incompetent elderly man.

Shawn Al Logan, 31 of Shepherd, pleaded guilty in October to four charges related to the thefts in U.S. District Court in Billings, according to a news release from U.S Attorney Kurt Alme. He was sentenced to a total of 57 months in prison and five years supervised release by Judge Susan Watters.

Prosecutors stated in court documents that Logan sought to obtain more than $243,000 in customer money for himself. He worked on the account of the elderly man, whose representative with power of attorney lived in Florida and traveled to Billings a few times a year.

Starting in September 2017, Logan made unauthorized withdrawals from the man's account by issuing debit cards in the representative's name. When the representative confronted him, Logan fed him a series of stories designed to conceal his actions, prosecutors said.

Logan also made multiple unauthorized internal transfers from another Stockman customer account to the elderly man's account, then used that money to pay his own creditors and himself.

Logan initially told the bank that all of his actions were approved by customers. When confronted with evidence concerning a check payable to his American Express account, he declined to answer further questions from the bank, according to prosecutors.