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Man sentenced in Missoula for Montana bank fraud scheme

Ronan woman sentenced to prison for embezzling from company, evading taxes
Posted at 8:39 AM, Feb 01, 2024

MISSOULA — A Texas man who admitted stealing more than $100,000 from Montana banks was sentenced Wednesday to four years in prison.

U.S. Attorney Jesse Laslovich announced that 46-year-old Shanetwann Clayton Waldon of Dallas — who pleaded guilty in August 2023 to bank fraud and aggravated identity theft — will also be on five years of supervised release, and ordered to pay $103,149 restitution.

Prosecutors alleged in court documents that Waldon, working with several co-defendants, traveled from Texas to Montana, Idaho and Wyoming to pass fraudulent checks at smaller financial institutions.

Waldon targeted rural areas because they were a “little ‘country’ and the bank process was slower than in Texas," according to a news release.

Waldon made at least four trips to Montana in 2022 and 2023, and on 10 occasions, entered a new bank and stole thousands of dollars.

Prosecutors also say Waldon presented a fake identity to evade detection by law enforcement and used forged instruments to create debts in the name of others.

In Montana, Waldon targeted banks in Hamilton, Bozeman, Billings and Missoula. The scheme continued even after his initial co-defendants had been arrested.

In total, Waldon and his codefendants stole $141,822 from 30 bank branches in three states.

Waldon’s total amount owed of $103,149 is payable to six Montana banks, including First Interstate Bank, TrailWest Bank, First Security Bank, Opportunity Bank of Montana, Farmers State Bank and Western Security Bank.

U.S. District Judge Dana L. Christensen presided.

Assistant U.S. Attorney Karla E. Painter prosecuted the case. The FBI, U.S. Secret Service, police departments in Missoula, Bozeman, Helena, Livingston, and Laurel, Montana, the Yellowstone County (Montana) Sheriff’s Office; police departments in Chubbock, Pocatello and Kemmerer, Idaho, the Bannock County (Idaho) Sheriff’s Office, Idaho State Police; and police departments in Evanston and Mountain View, Wyoming, and the Teton County (Wyoming) Sheriff’s Office conducted the investigation.