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Wed Oct 9, 2019, 04:09 AM

Feds charge 3 former Worley & Obetz executives with bank fraud

Federal authorities have charged three former executives of Worley & Obetz in a bank fraud that they say extended over at least 15 years.

The former CEO of the oil and gas company, Jeff Lyons, and two controllers, Karen Connelly and Judith Avilez, are charged with defrauding Fulton Bank of $60 million, the U.S. Attorney's Office Eastern District of Pennsylvania announced Tuesday.

Manheim-based Worley & Obetz abruptly closed June 4, 2018. The company's employees, about 200 to 250, lost their jobs.

Lancaster County authorities charged Lyons and Connelly a few months later with using company funds to pay $1 million in Lyons' personal credit card debt.

Read more: https://lancasteronline.com/news/local/feds-charge-former-worley-obetz-executives-with-bank-fraud/article_ef3c870a-e9e0-11e9-91a2-5f897c6e1cc8.html

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