HawthorneJuniper
Well-Known Member
- Joined
- May 15, 2021
- Messages
- 241
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There's a wealth of info in that case. It was federal. It's a federally insured bank. This was malfeasance on a large scale. I've been an in house attorney at a large bank for many years and reading about Alex's schemes and how he involved banks and attorneys is just unbelievable from my perspective.I’m finding lots of info on AM money misdeeds from the November 2022 federal bank fraud trial of Russell Lafitte. There was a loan to AM to remodel the beach house.
That reminds me to read more in that case. Here's a link to the indictment if anyone else is interested and hasn't seen it before DocumentCloud.
He sure dragged a lot of people down in the muck with him. Trying to understand that. Was it some weird southern gentility social code where you must be obsequious to the landed gentry no matter the ethical issues? Like, is this just some accepted thing there? I mean, I've worked in MA & NY and have seen plenty of internal fraud but never anything like this as part of a whole conspiracy involving millions of dollars. Course we ain't got none of these family run banks round these parts no more. And there's good reasons for that.