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Bank executives indicted in Virginia bank failure
Chicago Tribune (Business) ^
| 12 July 2012
| Reuters, Reporting by Rick Rothacker
Posted on 07/12/2012 6:00:00 PM PDT by Colonial Warrior
(Reuters) - Former top executives of a failed U.S. bank in Norfolk, Virginia, have been indicted by a federal grand jury on bank fraud and other charges for hiding loan losses in a scheme that allegedly led to the bank's demise, officials said Thursday.
(Excerpt) Read more at chicagotribune.com ...
TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: Virginia
KEYWORDS: bankclosure; banking; fraud; norfolk; virginia
To: Colonial Warrior
Guess they didn’t make a big enough donation to Obama Co.
2
posted on
07/12/2012 6:09:32 PM PDT
by
USNBandit
(sarcasm engaged at all times)
To: Colonial Warrior
indicted by a federal grand jury on bank fraud and other charges for hiding loan losses in a scheme...Sounds like the green jobs loan program.
3
posted on
07/12/2012 6:22:11 PM PDT
by
USNBandit
(sarcasm engaged at all times)
To: Colonial Warrior
Corzine and other Wall St thieves running free. Too big to be indicted.
4
posted on
07/12/2012 6:24:14 PM PDT
by
dennisw
To: Colonial Warrior
From the article:
Prosecutors said they have taken six defendants into custody, including Woodward, 69. His attorney did not immediately return a call seeking comment. Six others, including former employees and customers, have pleaded guilty in the case.
YES!! It's about time. These "bank executives" have been getting away with this stuff for way too long. I hope all of them get real jail sentences and long probations.
Time to get tough with these criminals. Demonstrate the deterrent.
5
posted on
07/12/2012 6:45:13 PM PDT
by
upchuck
(FACEBOOK... Share pointless stuff with friends you don't know. Beg for intrusion into your life.)
To: upchuck
Not guilty! They were only forced into steal , by Farnk-Dodd and other excessive government regulations! The pressure from these rules left them no choice, but to steal! (sarc)
6
posted on
07/12/2012 6:54:42 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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