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Former Bank CEO Charged with Bank Fraud, Conspiracy, and Perjury

Posted by: In: Real Estate 03 Apr 2014 Comments: 0 Tags: ,
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Poppi Metaxas, former president and CEO of Gateway Bank of Oakland, California, was charged with bank fraud, bank fraud conspiracy, and perjury in relation to a sham “round trip” transaction. The scheme, initiated by Metaxas, caused Gateway to execute a false transaction in which the bank self-funded a down payment to make it appear that Gateway had sold toxic, non-performing mortgage loans.

The post Former Bank CEO Charged with Bank Fraud, Conspiracy, and Perjury appeared first on DSNews.com.

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Source: DSNews

    

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