RIVERSIDE — A former Riverside bank president is facing 11 counts of bank fraud, two charges of identity theft and two counts of wire fraud after allegedly using a credit card in the bank’s name to divert funds to his personal account.
According to court documents Christopher Michael Goerdt began working at Peoples Trust and Savings Bank in Riverside on Nov. 6, 2012, and was appointed president and chief executive officer Nov. 13, 2012. The documents alledge beginning Dec. 6, 2012 until Dec. 16, 2015, Goerdt took out an unauthorized Visa credit card in the bank’s name.
In three years, Goerdt allegedly wracked up $89, 602.83 in charges for personal expenses. Documents say he also diverted loan payments from bank customers to make payments on the credit card as well as made attempts to take out lines of credit for customers to use for his benefit.
Goerdt resigned from the Peoples Trust and Savings Bank on Dec. 16, 2015.
The Journal was unable to reach a representative at Peoples Trust and Savings Bank for comment at the time of publication.