Former older execs in the FHLB Dallas indicted getting defrauding bank from $step 1.dos billion

Former older execs in the FHLB Dallas indicted getting defrauding bank from $step 1.dos billion

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dos million because of the presumably trying compensation for a lot of luxurious individual travel removed under the guise out-of organization traveling.

With regards to the You.S. Attorney’s Workplace to the Northern Area out of Tx, a keen indictment came back recently by the a federal grand jury fees Terence Smith, which served since the chairman and Chief executive officer of FHLB Dallas away from 2000 to ; Nancy Parker, whom supported as the FHLB Dallas’ CIO off 1999 courtesy ; and you will Michael Sims, which offered due to the fact CFO of FHLB Dallas from 2005 in order to , having one matter away from conspiring making untrue statements so you’re able to FHLB Dallas. [Read more…]