Bank CEO Drains $24,900,000 After Using Lender As ‘Personal ATM,’ Triggering Collapse: DOJ

The former CEO of Nodus International Bank has pleaded guilty for leading a scheme that fraudulently siphoned at least $24.9 million from the now closed Puerto Rico-based institution. In a statement, the US Justice Department says Tomás Niembro Concha conspired with others to conceal conflicts of interest in certain investments and loans that ultimately led to […]
The post Bank CEO Drains $24,900,000 After Using Lender As ‘Personal ATM,’ Triggering Collapse: DOJ appeared first on The Daily Hodl....