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Wed Nov 29, 2017, 06:28 AM

Former Bank of Oswego CEO, CFO convicted of conspiracy

The former top two executives of the Bank of Oswego were convicted Tuesday of orchestrating a years-long conspiracy to conceal the bank's shaky financial condition, capping one of the longest and most expensive federal trials in Oregon history.

The jury also found Dan Heine, the bank's co-founder and former chief executive, and Diana Yates, the chief financial officer, guilty of 12 counts of making false entries in the bank's books to hide bad loans.

Heine, 70, once named Lake Oswego's citizen of the year, could spend much of the rest of his life in prison. Each count is punishable by 30 years imprisonment.

Both defendants seemed stunned after the verdict was read in U.S. District Court in Portland, remaining in the courtroom with their legal teams long after the judge, jury and observers had departed.

Read more: http://www.oregonlive.com/business/index.ssf/2017/11/bank_of_oswego_trial_verdict.html

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