United States of America v. Danny Seibel

Oklahoma City, Oklahoma, criminal defense lawyer represented the Defendant charged with bank fraud.

Reported by Kent Morlan

Danny Seibel, 55, of Lindsay, Oklahoma, was an executive at FNBL from in or around February 2007 until his termination in September 2024. As alleged, Seibel caused FNBL to issue loans to certain customers, many of whom were his personal friends and neighbors, that the borrowers never repaid. Seibel then manipulated the bank’s records and falsified various bank reports to falsely overstate the performance of the loans, including by using new loans or transfers of the bank’s own funds to cover overdrafts of outstanding loans.

The Office of the Comptroller of the Currency appointed a receiver for the bank in October 2024.

On December 3, 2025, a federal grand jury charged Seibel with bank fraud. Yesterday, Seibel pleaded guilty and admitted he knowingly executed a scheme to defraud the First National Bank of Lindsay. At sentencing, he faces up to 30 years in prison and a fine of up to $1 million.

Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division; U.S. Attorney Robert Troester for the Western District of Oklahoma; Acting Special Agent in Charge Joseph Melle of the Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG); Special Agent in Charge Doug Goodwater of the FBI Oklahoma City Field Office; Special Agent in Charge Christopher Altemus of IRS – Criminal Investigation (IRS-CI); and Special Agent in Charge Korey Brinkman of the Federal Housing Finance Agency Office of the Inspector General (FHFA-OIG) made the announcement.

FDIC-OIG, FBI, IRS-CI, and FHFA-OIG investigated the case.

Assistant U.S. Attorneys Julia E. Barry and Jackson D. Eldridge for the Western District of Oklahoma, and Trial Attorneys Mark Goldberg, Elysa Q. Wan, and J. Ryan McLaren of the Criminal Division’s Money Laundering, Narcotics and Forfeiture Section are prosecuting the case.

The Money Laundering, Narcotics and Forfeiture Section’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers and employees whose actions threaten the integrity of the individual institution or the wider financial system.

The Defendant elected to plead guilty.