On what would have been the sixth day of their trial on federal charges for conspiring to lie to the government-sponsored financial institution, two former Federal Home Loan Bank-Dallas executives reversed course and pleaded guilty to the charges.
Terence Carlyle Smith, former FHLB – Dallas President, and Nancy B. Parker, former Chief Information Officer, both pleaded guilty to conspiracy to make false statements to a Federal Home Loan Bank. U.S. Attorney for the Northern District of Texas Erin Nealy Cox said Smith, 62, entered his plea Friday morning, and Parker, 66, made her plea Tuesday morning.
“These defendants attempted to trick a Federal Home Loan Bank into footing the bill for their exorbitant personal travel,” Nealy Cox said. “We believe they were right to plead guilty, even at this late date, and are confident justice will be served at sentencing.”
The original indictment accused Smith, Parker, and a third executive, former CFO Michael Sims, of lying about traveling to professional conferences, including the 2008 through 2013 Consumer Electronics Show in Las Vegas. The three also claimed they traveled to Las Vegas multiple times; Amelia Island, Florida; Santa Barbara, California; and other locations in California and Florida. (more…)