On August 20, 2008 it was announced by United States Attorney Catherine L. Hanaway and St. Charles County Prosecuting Attorney Jack Banas that John “Jack” Gorecki was sentenced to twenty-seven months in prison on bank fraud charges involving false loan applications submitted to financial institutions in the St. Louis area. Click here for press release

Gorecki owned several residential rental properties and  Captain Jack’s Marina in St. Charles County.  To fund his business endeavors, Gorecki often obtained loans from 1st Advantage Bank, Truman Bank and Southwest Bank (formerly Missouri State Bank).  In February 2006, Gorecki was experiencing financial difficulties.  Between February and November 2006, Gorecki submitted false information on loan applications at all three banks.  The false information included false lease agreements, false tax records and false information about his financial situation.  As a result, 1st Advantage Bank, Truman Bank and Southwest Bank made substantial loans to Gorecki, who defaulted on several of them, resulting in more than $600,000 in losses to those three banks.

JOHN “JACK” GORECKI, St. Charles, Missouri, pled guilty in April to one felony count of bank fraud and appeared today for sentencing before United States District Judge Charles A. Shaw.  In addition to his prison term, Gorecki was also ordered to repay more than $603,000 in restitution to the banks he defrauded.

In addition to the St. Charles County Prosecuting Attorney, Hanaway commended the work performed on the case by the Federal Bureau of Investigation and Assistant United States Attorney John Bodenhausen, who handled the case for the U.S. Attorney’s Office.