Bethesda man indicted in fraud of bank, agency

January 18, 1996|By FROM STAFF REPORTS

A Prince George's County developer was indicted yesterday in U.S. District Court in Baltimore charged in the defrauding of the former Maryland National Bank and the Resolution Trust Corp. of several million dollars, the U.S. Attorney's Office said.

Dennis A. Laskin, 52, of Bethesda was charged with two counts of felony fraud in the concealing a $10 million family trust from the bank and the RTC when they were trying to collect on defaulted loans. Mr. Laskin received the loans as a partner in Colton and Laskin Inc., a Prince George's company.

The U.S. Attorney's office said Mr. Laskin created a family trust in January 1991, funding it with more than $10 million of his assets, consisting of cash, certificates of deposit and interests in real estate partnerships.

The charges allege that between June 1991 and August 1992, after Mr. Laskin defaulted on a $20 million Maryland National Bank loan to finance a development in Montgomery County, he concealed the existence of the trust when the bank tried to collect on his guarantee. Mr. Laskin is alleged to have defrauded the bank by submitting a financial statement concealing the transfers to the trust. Maryland National since has been bought by NationsBank.

He is alleged to have concealed trust assets from the RTC, the government's savings and loans cleanup agency, which took over a $3.1 million loan from TrustBank Federal Savings Bank after it went into receivership. The loan, secured by Mr. Laskin and his company, was for a project in Bowie.

The charges carry a maximum penalty of 35 years in prison and a $1.25 million fine.

The investigation involved the FBI, the Internal Revenue Service and the RTC.

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