Head Of Failed Texas Bank Cops To False Book Entries

Law360, New York (October 28, 2010, 1:34 PM EDT) -- The former president of La Coste National Bank in Texas, who was accused of defrauding the failed bank of $7.3 million, has pled guilty to falsifying entries in La Coste’s books and records.

Jodi P. Gwyn entered his plea Wednesday before a magistrate judge in the U.S. District Court for the Western District of Texas, and faces potentially $8 million in restitution and a three- to five- year prison sentence.

Gwyn admitted that in September 2008, he intentionally made a false entry in La Coste National’s...
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