U.S. v. Palladinetti

Record contained sufficient evidence to support guilty verdict in bench trial on bank fraud charge arising out of scheme to induce banks to make loan based on false statements contained in loan application. While defendant argued that government failed to prove that bank, which was subject of defendant’s fraudulent scheme, was insured by Federal Deposit Insurance Corp. (FDIC) at time of $345,000 loan application, loan document listed lender as “Washington Mutual Bank, FA, a federal association,” and FDIC certificates and witness testimony indicated that said entity was continuously insured by FDIC at time of mortgage, even though entity had undergone name change. Ct. rejected defendant’s contention that government had presented evidence that established only that instant entity had similar name as FDIC-insured financial entity.