Bank Examiner Fraud Suspect Arrested

handcuffs Mount Pleasant Police arrested FRANCIS J RIORDON 01/05/1943 (AKA FRED J REYNOLDS 01/05/1937) on August 21st, 2015 as a result of an investigation into a Bank Examiner Fraud Scheme that had taken place in Mount Pleasant. A recently widowed Mount Pleasant resident reported being conned by a suspect who claimed to be from her financial institution. The victim supplied the suspect with a significant amount of US Currency under the impression that the suspect was working for her bank and attempting to “Fix” a problem with her bank account.

The suspect was identified through various investigative measures and taken into custody in front of his residence in Lake Geneva, WI with the assistance of the Lake Geneva Police Department. A search warrant at his residence revealed fraudulent credentials, badges, and over 1200 note cards containing names and phone numbers of potential/possible victims of this scam. Information obtained from the note cards revealed the suspects involvement in this scam possibly dating back many decades, spanning over 52 area codes and 12 states. The investigation revealed that the suspect would research local obituaries and then contact the widower via phone and represent himself as a bank examiner.

The suspect is identified as:


The investigation into other crimes and additional victims is ongoing. Formal Criminal charges have been forwarded to the Racine County District Attorneys Office.