4 ms·
Early on my career my employer (a savings and loan) went into receivership because our CEO kept reselling a parcel of land at increasingly inflated prices to hi
by technofiend 2y ago
Early on my career my employer (a savings and loan) went into receivership because our CEO kept reselling a parcel of land at increasingly inflated prices to himself through holding companies he owned. Each time he was able to force a sale through and a loan to backup the sale by telling employees to just do it. Sadly it was so long ago and something similar has happened so many times since I can't find anything on how much jail time he received. Just a set of stories about bank ceos getting jail time repeated by different news outlets.