Search results
Results from the WOW.Com Content Network
The bank was founded as Pennsylvania Savings Bank, by his grandfather. Fumo took over control after his father was convicted of bank fraud in 1976. The bank grew rapidly under Fumo's control from $1.5 million in assets to about $550 million, and was eventually sold in 2007 for $94 million, potentially netting $19 million for Fumo.
Pennsylvania 1996: Conspiracy to defraud the United States Congressional Post Office scandal [39] Democrat: Raymond F. Lederer: House of Representatives: Pennsylvania 1981: Federal official bribery and gratuity, conspiracy to defraud the United States, and Travel Act: Abscam [40] Democrat: William Lorimer: Senator: Illinois 1912: Bribery [41 ...
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
Home to industry, agriculture, energy, and finance, Pennsylvania is both the nation's sixth largest economy and its sixth most populous state. Using data from the FDIC, Motley Fool contributor Jay ...
The payments are part of the settlement that is meant to compensate consumers for the banks' wrongdoing. In this video, Motley Fool. Skip to main content. Sign in. Mail. 24/7 Help. For premium ...
The House banking scandal ultimately involved more than 450 representatives, most of whom did not break any laws. However, 22 members of Congress were singled out by the House Ethics Committee for leaving their checking accounts overdrawn for at least eight months out of a sample of 39 months: [2]
David is a native of Flint, Michigan but has resided in Montgomery county, Pennsylvania, with his wife for more than 20 years. [9] He credits some of his drive to pursue fraud and corporate wrongdoing in the financial markets from having witnessed personal devastation and poverty that resulted from broken corporate promises to the people of ...
The case targets Early Warning Services, which runs the platform, along with Bank of America, Wells Fargo, and JPMorgan Chase, three of the seven banking giants that sit on its board.