It is the saying the obvious to say that the shareholders of the failed Jerry Williams Orion Bank lost millions in dollars. The shareholders got to know late 2010 about the investigation that is being carried out by the FBI on their failed bank when received mailed letters dated July 2, 2010 from a FBI victim assistance who solicited their collaboration in the case. You will be notified in the event that charges are filed.” The said letter to the shareholders from FBI did not provide any details concerning the case, what prompted the investigation or the detailed nature of what or who is being investigated. Failed Jerry Williams Orion Bank shareholders could not understand the reason behind the delay and no explanations were obtainable on the FBI website. FBI officials also are not willing to give any comment on the delay.
FBI has set up a website to reach out to “possible victims.” Some shareholders of the failed Jerry Williams Orion Bank that have logged into the website could not find any explanation on the nature of the investigation. A spokesman in the main FBI’s Tampa office who is a special agent by name, Dave Couvertier, said “no statement on this matter.” He was not willing to neither authenticate nor refute the ongoing investigation about the failed Jerry Williams Orion Bank.
A securities attorney based in Naples, by name, Chris Vernon, also commented: “I think it’s can be unusual to see any letter from the FBI of this matter, involving a bank and their failure. There are many failures all around the country. To me, this fact is an suggestion of more than terrible management.” One shareholder, of the failed Jerry William Orion Bank, who is from Estero, Helmut Schroeder, said, “Somebody should have the responsibility for all the occurrence of the problems that we are facing, for all the money which was lost. We were mainly misled. We knew this bank had some little problems, but we didn’t believe it was bad like this.” Leonard Simons is another victim, because he is also a shareholder of the failed Jerry William Orion Bank. He said he did not know how to react when he found the FBI letter concerning the failed Jerry Williams Orion Bank in his mailbox. His words, “I thought, ‘What did my wife do?” “Did she rob a bank?”Thomas Buchanan, the attorney of Jerry Williams Orion Bank ex-CEO has this to say “I imagine they are looking for some loans and some also some other issues, may be narrower issuers. But I don’t imagine anyone can suggest that anyone caused this bank in the position to fail.”
So far there are no indictments. That makes hope to be hanging. What will be the outcome of the investigation on Jerry Williams Orion Bank? Will the shareholders eventually lose out? Or will they get something out of their investment in Jerry Williams Orion Bank? Only time will tell.