One of the board members of a failed bank will spend a five years in jail after being convicted of defrauding the government’s Troubled Asset Relief Program out of nearly $7 million. The bank’s failure also cost the FDIC more than $64 million. http://www.housingwire.com/articles/38458-failed-banks-board-member-jailed-for-defrauding-tarp-of-7-million ❤️ #share #mortgage
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