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Well the example they give, Edward Woodard, is someone who got 23 years sentence for fraud, which is not really related to what happened during the 2008 financi
by kevindqc 9y ago
Well the example they give, Edward Woodard, is someone who got 23 years sentence for fraud, which is not really related to what happened during the 2008 financial crisis?
>From 2008 to 2011, Woodard and Stephen Fields, a former executive vice president and commercial loan officer at the bank, hid the bank’s financial condition, authorities said. Bank insiders also gave preferential financing to troubled borrowers to buy properties Bank of the Commonwealth owned, prosecutors said.
So that was after the crisis - they wanted to hide how bad it affected them?