Ex-Pres of Small-Business Bank Charged With Fraud – US Finance

Category Finance | Monday, March 15th, 2010

The former president of a small business bank in New York closed by regulators on Friday has been arrested and charged with engaging in a variety of schemes to defraud the bank and its regulators, including the U.S. government’s Troubled Asset Relief Program.

According to a criminal complaint unsealed Monday, Charles J. Antonucci Sr., the former president and chief executive of The Park Avenue Bank in New York, has been charged with fraud on the Federal Deposit Insurance Corp., making false statements on a TARP application, mail fraud, bank fraud, bank bribery, making a counterfeit certificate of deposit, wire fraud and embezzlement.

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