United States v. Don C. Davis, United States of America v. Daniel M. Burke

BALDOCK, Circuit Judge.

This case involves the theft of federally insured deposits through a series of complicated financial transactions involving collusion, deception, self-dealing and conflict of interest. Defendants Don C. Davis and Daniel M. Burke diverted or misapplied millions of dollars at the expense of several banks and savings and loan institutions, and ultimately the United States treasury. 1 The fraud required false representations to, and the concealing of important information from, bank examiners, bank directors and bank officers.

By superseding indictment, both defendants were…