UCB Exec Told Workers To Fudge Debt In $1B Fraud, Jury Told
By Beth Winegarner ( February 19, 2015, 7:24 PM EST) -- Former United Commercial Bank Chief Operating Officer Ebrahim Shabudin told colleagues to downplay the bank's loan losses but not consider it fraud, a California federal jury heard Thursday in Shabudin's criminal trial over a fraud scheme that allegedly cost the Federal Deposit Insurance Corp. and taxpayers $1.1 billion....
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