Former senior execs on FHLB Dallas indicted having defrauding lender regarding $step 1.dos billion
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2 mil from the allegedly trying compensation for a lot of magnificent individual travel taken within the guise of company travelling.
According to the U.S. Attorney’s Office with the Northern District out of Colorado, an enthusiastic indictment came back recently because of the a federal grand jury fees Terence Smith, just who offered because president and President out of FHLB Dallas regarding 2000 in order to ; Nancy Parker, whom supported just like the FHLB Dallas’ CIO regarding 1999 as a result of ; and you may Michael Sims, which offered due to the fact CFO from FHLB Dallas from 2005 to , which have that amount from conspiring while making untrue statements to help you FHLB Dallas.
The previous chief executive officer, head suggestions administrator, and you may chief financial administrator of one’s Government Home loan Bank off Dallas stay accused away from defrauding the financial institution off more $step 1
While doing so, Smith is additionally charged with eleven substantive matters of fabricating incorrect comments for the FHLB Dallas, Parker is actually charged with half dozen substantive counts of developing untrue statements, and you will Sims are faced with around three substantive counts of making not the case statements. Read more
