Rick Moran
Nice company you're keeping there, Barry. You going to return the money this guy raised for you too?
New York Daily News:
Courtney Dupree was convicted of vastly overstating the billings of his Long Island City-based lighting company GDC Acquisitions in order to fraudulently obtain a loan from Amalgamated Bank.Dupree, 42, sat stone-faced as the verdict was read in Brooklyn Federal Court. He faces up to 30 years in prison and has to pay back at least $18 million.Meanwhile, the jury that convicted Dupree also acquitted his company lawyer, Thomas Foley, 45."The jury rejected an FBI effort to ensnare a lawyer because of his client's conduct and we are very grateful," said Foley's defense attorney, Joseph Ryan.Dupree was done in by a mountain of paperwork, which prosecutors said proved he was a crook, and by testimony from cooperating witnesses who were involved in the scheme."This is a case about lying to a bank to get money," Assistant U.S. Attorney David Woll told the jury during the trial. "It is about telling lies over and over again in order to grab millions of dollars of the bank's money."
Obama will probably pardon the guy. After all, he's an ex-basketball star at the University of North Carolina.
1 comment:
It is better if the government will pay more attention on such problems. It’s a pity but many people suffer from this. But I think that it is possible to solve such problems using fast payday loans online in US. The government is guilty that such situations exist. May be if they will pay attention on such problems and if they will solve them American citizens won’t have any financial debts and problems.
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