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Local real estate magnate indicted for bank fraud

Roger Pollock accused of fraud and death threats


PollockReal estate developer Roger Pollock was indicted May 9 on federal bank fraud charges relating to a loan obtained for the construction of an office in Lake Oswego.

The 52-year-old Pollock, who owned the now-defunct Buena Vista Homes, also stands accused of making death threats, though he was not charged for that, according to authorities.

In the written indictment, a grand jury charged that Pollock and others “knowingly and intentionally devised a material scheme to defraud Banner Bank ... and to obtain money from Banner by materially false and fraudulent pretenses, representations and promises.”

According to the grand jury indictment, in July 2008 Pollock on two separate occasions rerouted loan funds from Banner Bank into another bank account at Northwest Bank. The two loans — in the amount of $489,924 and $183,949 — were then sent out of the United States to be used for projects that did not relate to the office construction in Lake Oswego, according to the indictment.

U.S. Attorney S. Amanda Marshall wrote that Banner Bank’s loans to Pollock totaled more than $7 million.

Along with bank fraud, Pollock is also charged with two counts of making a false statement to a bank. If found guilty, Pollock would be required to forfeit assets equal to the value of what was obtained as a result of the suspected fraud.

The Lake Oswego office building in question, located at 412 A Ave., has yet to be completed. Banner Bank foreclosed on the property after the contractors walked off the job for lack of pay.

Though Marshall requested that Pollock remain in custody pending trial, U.S. Magistrate Judge Paul Papak ordered that Pollock be released provided that he complied with GPS monitoring and avoided contact with certain people, among other conditions.

In a memo supporting pretrial detention, Marshall wrote that Pollock was “both a flight risk and a threat to the community.” According to Marshall, investigators found that Pollock had travelled abroad more than 40 times over the last two years, and a number of acquaintances said they had been threatened by him.

“During the course of the investigation,” Marshall wrote, “multiple witnesses came forward to report that they have either personally been threatened with death or violence by the defendant or they have observed the defendant making threats of physical violence.”

Pollock’s flight risk was determined based on findings that he had “extensive” contacts and property in Mexico, as well as “business dealings” in Honduras and Thailand. Marshall also wrote that Pollock’s 20,000-square-foot Lake Oswego home was in foreclosure and “not a suitable place to reside.”

Each count filed against Pollock carries a maximum sentence of 30 years in prison.
By Patrick Malee
Reporter
503-636-1281 ex
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