U.S Department of Justice accuse three North Dakotans of financial crimes

Photo By: U.S Department of Justice
Photo By: U.S Department of Justice

(Bismarck, ND) -- A federal grand jury has indicted Brady Daniel Torgerson, age 34; Brent D. Torgerson, age 60; and  Kelly M. Huffman, age 32, all three from Beulah, ND, for engaging in financial crimes while working at North Dakota financial institutions. 

The Indictment states that Brady Torgerson is charged with committing bank fraud, aggravated identity theft, and making false entries in bank records at separate financial institutions. Brent Torgerson and Kelly Hufferman are both charged with one count each of misapplication of bank funds. 

The recently unsealed Indictment alleges Brady Torgerson attempted to defraud the financial institutions by issuing bank funds to people who were not entitled to them, failing to register those transactions, creating fake loan obligations, and using measures to conceal his activities. The Indictment alleges Bent Torgerson then issued a $724,000 check to his son, Brady Torgerson, without proper paperwork. The Indictment says Kelly Huffman also misapplied bank funds by issuing a $125,000 check advance at Brady Torgerson's request.

Brady Torgerson, Brent Torgerson, and Kelly Huffman have not entered guilty pleas to the mentioned allegations.

The U.S Attorney's Office says...

"An indictment is an accusation and notice of charges. The defendants are presumed  innocent under the law unless and until proven guilty. Anyone with additional information in this case is encouraged to contact the Federal Deposit Insurance  Corporation – Office of Inspector General through its tip line at 1-800-964-FDIC,  Reference Number 58523 or the FDIC-OIG Hotline Portal at https://www.fdicoig.gov/oig-hotline."