Attention: News Director PRESS RELEASE May 3 , 2007	U.S. DEPARTMENT OF JUSTICE UNITED STATES ATTORNEY Eastern District of Kentucky

 

COVINGTON, Ky. — Deborah Groh, 56, of Ft. Thomas, Ky., pleaded guilty today to submitting a false loan application claiming a false certificate of deposit before United States District Court Judge David L. Bunning.

Groh admitted in the course of her guilty plea that in September of 2006, she applied for a line of credit at Citizens Bank of Northern Kentucky to remodel her deceased mother’s home.

In applying for the loan, Groh claimed she possessed a Certificate of Deposit valued at $100,000 as collateral to secure the loan, when in fact the certificate of deposit belonged to the estate of her deceased mother.

Groh’s sentencing is scheduled for August 31, 2007 in United States District Court in Covington, Ky. Groh faces up to 30 years in prison, a $1 million fine and five years of supervised release. Any sentence will be imposed by the Court after consideration of the U.S. Sentencing Guidelines and applicable federal statutes.

The investigation was conducted by the Federal Bureau of Investigation. The United States was represented in the case by Assistant United States Attorney E.J. Walbourne.