Sterling Bancorp Sentenced To Pay $27M For Securities Fraud

By Danielle Ferguson (July 19, 2023, 6:28 PM EDT) -- Michigan-based Sterling Bancorp Inc. was sentenced by a federal judge Wednesday to pay more than $27 million in restitution for fraudulently handing out loans and for filing false securities statements that boosted its reported revenue ahead of its 2017 initial public offering....

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