OneUnited Bank is now at the center of a congressional ethics investigation involving Rep. Maxine Waters (D-Cali). She is accused of facilitating $12 million in federal bailout funds while her husband was affiliated with the bank, that the bank has failed to pay back.
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OneUnited Bank paid for a luxurious lifestyle for its chairman and CEO Kevin Cohee.........including a Porsche and a house on Pacific Coast Highway in Santa Monica......... despite Cohee's having a record of arrests and allegations of drug use.
Cohee's high-flying perks came despite his having been charged in 2007 with felonies after his arrest by the Santa Monica Police on suspicion of possessing cocaine, crack cocaine and concentrated cannabis, according to the Los Angeles County district attorney's office. The case was dismissed the next year after Cohee completed a drug diversion program.
Cohee was also arrested in 2007 after a woman filed a complaint alleging that Cohee had forcibly sodomized her, according to public records. Prosecutors did not pursue the assault charge. The Boston Herald quoted Cohee as saying that the arrest was "utter and complete nonsense that went nowhere."
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Kevin Cohee, Chairman & CEO of OneUnited Bank