Date: Jan. 8, 2025
Contact: newsroom@ci.irs.gov
Tulsa, OK — Today, William Shane Garrow of Tulsa, pleaded guilty to Bank Fraud and Willfully Making and Subscribing a False Federal Income Tax Return.
Garrow was hired by the Bank of Oklahoma in August 2007 and promoted to senior vice president. He served as a financial advisor and provided investment and banking services to wealthy banking clients until he was terminated in March 2024.
From September 2012 through April 2024, Garrow admitted to stealing from at least 16 client accounts. Garrow fraudulently transferred funds or issued cashier checks without authorization and consent from his clients and then deposited those funds into accounts that he controlled at other financial institutions. Garrow did not report this extra income to the IRS and falsified his true taxable income.
Garrow further admitted that his actions were wrong and that the funds were used to pay for his lifestyle.
While Garrow is permitted to remain on bond, a federal district court judge will determine his sentence later after considering the U.S. Sentencing Guidelines and other statutory factors.
The IRS Criminal Investigation (IRS-CI), FDIC-OIG, and U.S. Secret Service conducted the investigation. Assistant U.S. Attorney David D. Whipple is prosecuting the case.
IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a more than a 90 percent federal conviction rate. The agency has 20 field offices located across the U.S. and 12 attaché posts abroad.