A 55-year-old Desloge woman is facing multiple felony charges after police say she used personal information from old loan documents to obtain fraudulent loans in the names of roughly 137 people over more than three years. Laura Glanz, a former manager at Flexicash in Desloge, was arrested following what investigators describe as a nine-month probe into the scheme.
According to the Desloge Police Department, the investigation began in November 2025 after people came forward reporting that loans had been taken out in their names without their knowledge. Investigators traced the fraudulent activity back to Flexicash in Desloge, ultimately identifying approximately 137 separate victims whose identities were used to open loans. The department says the alleged activity occurred between July 2022 and November 2025.
The estimated value of the fraudulent loans, per the police department, ranges from $140,000 to $170,000. KMOV reported that a probable cause statement described the total as $170,000.
Charges and Bond
Court records cited in the case describe Glanz's charges differently across outlets. The Desloge Police Department says she is charged with one count of trafficking in stolen identities, one count of stealing $25,000 or more, four counts of identity theft or attempted identity theft, two counts of stealing $750 or more, and 12 counts of forgery, according to the same department report. KMOV's reporting states that Glanz faces 18 felony charges overall.
Glanz's bond was set at $250,000 cash or surety, the police department said. Arrest warrants were obtained in coordination with the St. Francois County Prosecuting Attorney's Office as investigators built the case over the nine-month span.
How the Scheme Allegedly Unfolded
The fraudulent loans reportedly originated at Flexicash in Desloge, where Glanz worked. Reports of unauthorized loans prompted an investigation in November 2025 into alleged fraud involving well over a hundred people.
The charges against Glanz remain allegations. As the Desloge Police Department noted, she is presumed innocent unless and until proven guilty in court.
